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Read the article from the Federal Reserve Bank of St. Louis, “Choices are Everywhere: Why can’t we just have it all?” (https://research.stlouisfed.org/publications/page1-econ/2013/01/01/choices-are-everywhere-why-cant-we-just-have-it-all/) Consider a government spending program you have read about in the news or research one online.Explain the opportunity cost of that government decision.What was the next best alternative in your opinion?Describe how “scarcity” factors into the decision process. (Remember that all things are […]

Read the article from the Federal Reserve Bank of St. Louis, “Choices are Everywhere: Why can’t we just have it all?” (https://research.stlouisfed.org/publications/page1-econ/2013/01/01/choices-are-everywhere-why-cant-we-just-have-it-all/) Consider a government spending program you have read about in the news or research one online.Explain the opportunity cost of that government decision.What was the next best alternative in your opinion?Describe how “scarcity” factors into the decision process. (Remember that all things are […]

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