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
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 termĀ 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, defineĀ 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.
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1 Scarce Resources in Farming Two scarce resources used in producing fruits and vegetables are water and fertile land If either of these resources were no longer available it would significantly impac...Get Instant Access to Expert-Tailored Solutions
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