Your Name:_____________________________ 01.03 Create a T-Chart Use the T-chart below to help you organize information and identify costs and benefits. At the top of your chart, state your dilemma in the form of a question. You should have a minimum of three costs and three benefits listed. Identify which costs and benefits are short-term and which are long-term. After completing your chart, answer the reflection questions below. You are highly encouraged to share the chart with your parents or other trusted adults and seek their input as well. What is your dilemma?__________________________________________________________________ Costs Benefits Answer the Reflection Questions 1.Explain how the concepts of scarcity, choice, and opportunity cost relate to your dilemma. 2.When making a decision, are the costs and benefits equally important to you? Why or why not? Based on your chart, explain which category, costs or benefits, would have the largest impact on your decision? 3.Based on the chart and your responses to the above questions,what will be your final choice? Write a brief paragraph with at least three details to persuade your instructor that this is the best decision.