Explain how each of the following people would talk about scarcity and trade-offs. a. the president of the united states: b. the leader of a developing nation. c. a u. s. citizen whose income is in the top one percent. d. a u. s. citizen whose income is in the bottom five percent.

Before you started applying for college, a job recruiter offered you a full-time cashier position at a doctor's office, earning an after-tax salary of $22,000 per year. however, you turn down this offer and attend your first year of college. the additional monetary cost of college to you, including tuition, supplies, and additional housing expenses, is $34,000. you decide to go to college, probably because