In this paragraph, describe the economic concepts that you used in your outline. explain how each of these concepts will frankie to make a decision.

The economic concepts to help Frankie make a decision should be based on the best strategy for him to use his resources effectively to buy a new pair of shoes.

It refers to an economic theory used when it is necessary to make a choice, that is, the value for which you will give up when choosing an option.

Therefore, Frankie must analyze his needs, goals and economic objectives to make the best decision, choosing the opportunity cost that will bring him the best economic benefit in exchange for a lower cost.

Find out more information about opportunity cost here:

link

even though you have attached neither the chart nor the generalizations, i have located them online. the right answer is d, since they are asking you about a generalization. you can only infer from the chart that between 2008 and 2009 the number of employed workers decreased significantly (from over 115 millions to 107 millions approximately), which signals some type of economic crisis.