1. 6.2 EQ Does every choice have a trade off?

2. ECONOMIC CHOICES GIVE TRADE OFF FOR EACH OF THE FOLLOWING. 1.THE PRICE OF GASOLINE IS VERY CHEAP. 2.A NATION USING MOST OF ITS RESOURCES ON MILITARY GOODS. 3.INCREASING THE FINES AND PENALTIES BUSINESSES MUST PAY TO CLEAN UP POLLUTION. 4.ALL CIA ACTIVITIES WILL NOW BE PUBLIC. 5.BEING SATISFIED WITH JUST PASSING CLASSES IN SCHOOL WITH C’S AND D’S. 6.BUSINESSES USING MORE TECHNOLOGY IN THE PRODUCTION OF PRODUCTS. 7.2 BUSINESSES MERGE TOGETHER. 8.MANY U.S. COMPANIES HAVE OUTSOURCED MUCH OF THEIR PRODUCTION OVERSEAS. 9.THE DIGITAL VIDEO RECORDER (DVR) OR TEVO IS NOW ON THE MARKET. (WHAT PRODUCTS ARE NOW OBSOLETE?) 10.RUMORS ARE THAT SONY WILL INTRODUCE THE PLAYSTATION 5 OR APPLE IS GOING TO CREATE THE IPHONE 6.

3. BUDGET SOCIAL SECURITY TAX $130* INCOME TAXES $200* HOUSING (INCLUDING $365* (ROOMMATE) UTILITIES, CABLE, HOME PHONE) FOOD-GROCERIES $220** FOOD-EATING OUT $75 CLOTHING $75 CAR PAYMENT $190** CAR-GAS $90** CAR INSURANCE $35* HEALTH INSURANCE $25* ENTERTAINMENT $75 (MOVIES, HANGING OUT, SNACKS,ETC) HEALTH CLUB $15 BOWLING $30 NEWSPAPERS $15 (BOOKS, MAGAZINES) GIFTS $100 (BIRTHDAYS, MOTHER’S DAY, ETC) SAVINGS $30 CELL PHONE ? TOTAL (MONTHLY PAY) $1,700(APPROXIMATELY 10.50 PER HOUR) *MUST PAY FOR BUT YOU CAN PAY MORE OR LESS FOR EVERYTHING, BUT THE 2 TAXES.CAR AND HEALTH INSURANCE. **CAN GO LOWER BUT MUST EXPLAIN.