1. A farmer's market is a place where farmers bring their fresh produce to sell to consumers...
Question:
1. A farmer's market is a place where farmers bring their fresh produce to sell to consumers at low prices. Name at least two scarce resources that were probably used to produce the fruits and vegetables. What would happen if one of those resources were no longer available? Choose which resource you want to pretend is no longer available, then provide an example as to how the business would be affected.
2. In a short paragraph, define the term thinking at the margin. Then, devise your own situation of someone thinking at the margin. Give two clear options. Then, make a choice and explain why you chose this option.
3. In a short paragraph, define scarcity. Then, discuss a consequence scarcity has on our lives. Ideas that you may want to consider and discuss are choices, unlimited wants, the three economic questions, and limited resources.
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr