Choices- When I make choices, normally it is when you choose the color of a truck, either you buy a blue truck or you buy a red truck.

Opportunity Cost- When I must make decisions like either I go to the game or I stay home to finish the big project do the next day, If I go to the game I get to hang out with my friends and have a lot of fun, the cost of going to the game is that I would probably get a failing grade on that big project that was do the next day. That concept is also applied to when you stay and do your homework, you do the work but the cost is you miss out of hanging with your friends.

Goods and Services- When you own a pool at your house, you hire the pool cleaners who use goods like chlorine and they offer their services by cleaning your pool for a cost.

Buyers and Sellers Marginal Cost- If I own a company it would cost me more money to make an extra product of something because I would ha

Some topics in this essay:
Fiscal Policy, RED GDP, Opportunity Cost-, Content Standards, Free Trade, Federal Reserve, Institutions Americas, Adam Smith, Monetary Non-Monetary, Marginal Cost-, market economy, gdp adjusted inflation, truck buy, banking system, adjusted inflation, gdp adjusted, exchange rates, extra product, economy 3, market economy 3, stock market, project day,