1. How does scarcity impact a community? Be specific and elaborate with examples or scenarios.
2. What do you think is the connection between scarcity and rationing? Be specific and elaborate with examples or scenarios.
3. What is the connection between choices and opportunity costs? Be specific and elaborate with examples or scenarios.
4. Why are incentives important to understand? Be specific and elaborate with examples or scenarios.
5. Compare an efficient outcome vs. a fair outcome. Be specific and elaborate with examples or scenarios.