Answer the following questions to illustrate and extend your understanding of our class discussions;
- In class we had an excellent discussion about money and an item's value. We noticed how a good or service's price is often different then its value to the potential customer. We also discussed how an item's value can differ between to consumers. Explain both of these observations using an example from your own experience.
- Are you a spender or a saver? Justify your answer with examples of your behavior. If you're a saver; what are you saving for? If you are a spender; what are some item's you are constantly spending money on that prevent you from saving?