Rational Decision Making:
SSEPF1: The student will apply rational decision making to personal spending and saving choices. a.) Explain that people respond to positive and negative incentives in predictable ways. b.) Use a rational decision making model to select one option over another. c.) Create a savings or financial investment plan for a future goal. |
Incentives are costs or benefits that motivate a decision or action by consumers, workers, firms, or other participants in the economy.
|
|
PlanningCreating a savings or financial investment plan for a future goal is a necessity for financial success. |