M1 Discussion 2: Basic Economic Concepts Must post first. In this module, we examine the definition of economics. You are introduced to some basic economic principles that are necessary to understand economic modules. For this discussion, | would like you to do the following. Early in week one of the module, make an original post that addresses the following questions, and reply to a classmate's post. e What are your opportunity costs of pursuing higher education? Should a country invest in education? Why or why not? How will investment in education affect a country's production possibilities frontier in the future? When you respond to this question consider the following: |f a country should invest in education, which level should get the majority of the funds? Should High Schools and Elementary Schools get the funding or should higher education? Which will have the most significant effect on the PPF? Why? e Should the government fund education, or should it be funded privately? Why? Will the opportunity costs of each type of funding be the same, or will they differ? Explain. What do you think about the use of vouchers and charter schools? e Use PPF theory and economic reasoning to support your arguments