Should I play a sport? Cost | Benefit | * Less free time (short term) * Less time to do homework (short term) * Have to pay a $100 athletic fee (short term) | * Looks appealing for college (long-term) * Higher opportunity to get scholarships (long-term) * Will get to meet new people (short-term) |

1. The concept of scarcity relates to my dilemma only in the sense that I would have a shortage of time to do other things if I played a sport, but it does not relate to the me having a limited supply of anything. The concept of choice does relate to my dilemma because there are certain things I would have to choose from if I decided to play a sport. As an example, I would have to choose between having more free time or having a higher opportunity of earning scholarships. Lastly, opportunity relates to my dilemma because I would possibly have a better chance of going to a superior college if a played a sport, or even getting a scholarship. 2. When making a decision, the costs and benefits are always important to me because I have to make sure I make the best decision and I will not regret that decision later on. Based on the chart, the benefits would have more of an impact of my life because they would give me an opportunity to possibly have a better future if I decided to play a sport. 3. Based on the costs and benefits from my chart, my final choice will be to play a sport. This is the best decision over not playing a sport because of the chance to earn scholarships, which could help me go to college because if I did not earn a scholarship my parents might not have the financial means necessary to send me to college. Yet, if they could, due to that same problem, I might not have the opportunity to go to a superior college, but by playing a sport (if I am good enough at it) I could get scholarships and go to a very good college. Lastly,