Create an outline of your paragraph about your participation in the economy this week.Describe how you were a consumer or producer, and any economic decisions that you made.

Answer:

I. Introduction: I participated in the economy this week by buying goods and selling a service. II. Examples: I bought groceries as a consumer and helped sell products at a school fundraiser as a producer. III. Economic decisions: I compared prices and chose how to spend my limited money. My opportunity cost was giving up other purchases. IV. Conclusion: My choices showed how I participated in the economy as both a consumer and a producer.