Question

Which of the following is influenced by personal economic choices? Check all that apply. the cost of your rent and utilities the resources you have available the amount of money you spend on a bus pass the money you decide to spend on leisure products the amount of money you put into your savings account the manner in which you balance your time between work and leisure

Answer 1

There are correct answers from the options listed. The things that are affected by one's economic choices are the resources that one have available, the amount money to be spent on products for leisure, the amount of  money that went to savings account and the  way one balance leisure and work. All these depends on what are the priorities of an individual.

Answer 2

The correct statement regarding the personal economic choices are as listed below,

1. The resources you have available
2. The amount of money you spend on a bus pass
3. The money you decide to spend on leisure products
4. The amount of money you put into your savings account.

So, the correct options that match the statements quoted above are B, C, D and E.

Personal Economic Choices

A personal economic choice is a subjective and a relative concept, i.e. it changes with changing individual and changing times and other factors.

It is to be noted that the rule of personal economic choices assumes that a consumer is of rational behavior and does not get influenced by others.

There are applications of the concept of personal economic choices in everyday life of every single individual of that economy.

Hence, the correct options are B, C, D and E which show the influence of personal economic choices of an individual in an economy.

Learn more about personal economic choices here:

https://brainly.com/question/1197861