Discuss the difference between program goals or objectives, and learning goals or objectives. Discuss the relationship between program goals and learning objectives. It is important that you are clear on the differences between program goals or objectives, and learning goals or objectives. What are your reflections on the differences between program goals or objectives, and learning goals or objectives?
1. Explain why scarcity leads to tradeoffs?
2. What are diminishing marginal returns?
3. Suppose Alphonso’s town raises the price of bus tickets from $0.50 to $1 and the price of burgers rises from $2 to $4.
Why is the opportunity cost of bus tickets unchanged?
Suppose Alphonso’s weekly spending money increases from $10 to $20. How is his budget constraint affected from all three changes? Explain.