Kent and kirsten are both trying to reduce their consumer debt. kent isolates several more concrete problems he can solve to achieve his goal, such as paying the highest-interest debts first and freezing credit card spending. kirsten simply pays her largest debt first because this would seem to be the fastest way to move her debt as close to zero as possible. kent's plan reflects the problem-solving strategy of while kirsten's method illustrates the strategy of

Who is not spending wisely? erika goes shopping and saves her receipts. she totals how much she spent and writes it down. mia needs to buy a new pair of shoes because she joined the soccer team. she looks at newspaper ads to find the best price. lauren has been thinking about getting a puppy for a long time. she walks by the pet store at the mall and decides to get a puppy. erin makes a purchase online using a credit card. she knows that she can pay the entire bill when it arrives.

Which of the following most accurately describes how the equilibrium price of a good or service can be determined? a. by moving the supply curve right or left until it matches the demand curve. b. by finding where the supply curve and the demand curve intersect. c. by doing market research to determine the maximum price consumers will pay. d. by taking the opposite of the columns in a supply schedule and a demand schedule.

What are the weak points of economic costs that are part of a free enterprise economy?