Unformatted text preview: importance of an educated citizenry to the survival, and peaceful continuance of a representative democracy. You theoretically “call the shots” in the long run through the voting process. One of our responsibilities as citizens is to “take care of business”, not “have business taken care of for us.” What about at the microeconomic level? Well, there you are the positive economist and the normative decision-maker. When you own and operate your own business, you are the one “calling the shots”. What choices will you make? What tough choices will you have to make? Well understanding economics will hopefully help you learn the processes to use in making your choices. Some have even referred to economics as the “science of 34 making choices.”...
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- Fall '10
- Economics, representative, Representative democracy, policy analysts, macroeconomic level stop