Homework ECO201 Week 1

Homework ECO201 Week 1 - Chapter 1 Questions 1. Give three...

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Chapter 1 Questions 1. Give three examples of important trade-offs that you face in your life. Currently I am experiencing the trade-off that deals with time and money. This is probably the most taxing trade-off there is in a family dynamic. Someone is never getting enough of either. This trade-off affects married couples more so than singles in my opinion. We have to put food on the table, pay bills, save money for incidentals, etc., which costs us time away from our families and things that we enjoy. I tend to think that men and women differ in this approach based on the general psychological need for men to be the breadwinners and women to be the homemakers. A balance has to be achieved and this is not an easy thing to do. The second trade-off that I have to make from time to time is the trade-off between Soldier and Civilian. Being in the Army National Guard has its advantages in the respect that I am ‘part time’ or can ‘serve at home’. While these things are certainly true, during the last decade, the Guard and Reserves have
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Homework ECO201 Week 1 - Chapter 1 Questions 1. Give three...

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