Question Details

Briefly Explain The Principles Of Individual Decision Making
Which You Address The following: 
•	Briefly explain the principles of individual decision-making. 
•	Provide an example of a decision in which you compared the marginal benefits and the marginal costs associated with that decision. 
•	What were the marginal benefits and marginal costs associated with that decision? 
•	What incentives could have led you to make a different decision? 
•	Explain how the principles of economics relate to decision-making, interaction, and the workings of the economy as a whole. 
•	Briefly describe the main attributes of the following economic systems: market economy, centrally planned economy, and mixed economy. 
•	Explain how economic interactions are affected by the type of economic system present.
350- to 700-word paper in



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