Evaluate in terms of marginal analysis how incentives influence decisions of consumers, producers and policy makers.
Scarcity and Choice
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Explain how incentives affect the behaviors of workers, savers, consumers and producers.
Explain marginal analysis and decision-making.
Analyze how Pennsylvania consumers and producers participate in the global production and consumption of goods or services.
Identify leading entrepreneurs in Pennsylvania and the United States and describe the risks they took and the rewards they received.
Analyze how risks influence business decision-making.