Economic Test 1 - Choose 4 out of 5(25 PTS. EACH) The following questions require an extended response. If you answer every part of the question with relevant and correct, you will have shown mastery of the topic. You may omit ONE question. 1. Tomorrow, an issue worse than the pandemic will hit the earth! Monsters/ Aliens from outer space will invade, destroying and eating anything and everything in their sight. Most will say the invaders will bring us down. Our Economics class taught us that it's scarcity that will do us in. Why? You must give 3 examples (with details) of the problems we face with scarcity and explain them in detail