Decision Making Skills

Front

The idea of ____________________ is at the heart of economics because people will act economically at least in a way that benefits them the most.

Back

rational decision making

Front

Many students feel they are “_____________” to go to college after high school. They may feel this way due to home, peer, societal, or career choice pressures.

Back

expected

Front

While furthering their education in a traditional way makes a lot of sense for many students, the reality is it is not the best course of action for _____________.

Back

some students

Front

There is a strong correlation between increased education and increased lifetime ____________.

Back

earnings

Front

The rational decision-making model is essentially a __________ analysis.

Back

cost-benefit

Front

If students plan to take out _________, it is important that they consider whether the income they will make from the career they have chosen will be enough to pay for typical expenses AND make the monthly payments that they have to start paying back typically six months after they graduate.

Back

loans

Front

When comparing ____________ opportunities, a person might want to consider the pay, stability, upward mobility, expectations of the job, benefits, work-life balance/family friendliness, flexible work hours, vacations, their potential commute, their potential coworkers/boss, ability to work virtually, etc.

Back

employment

Front

When trying to decide whether they should ______ or _______, they should consider how much time they plan on staying in their next home, current interest rates, home prices, rent prices, the qualifications needed for a loan versus approval for a lease, etc.

Back

buy or rent

Front

If they aren’t going to stay in the home for an extended period, there could be an argument for _________.

Back

renting instead of buying

Front

When you rent, if the fridge breaks or the sink starts leaking, it is not your responsibility to pay to fix it - it is your _________________ responsibility.

Back

landlord's