Name: Date: Hour: Scarcity and Factors of Production Scenarios Directions: For each of the headlines below: 9' Identify the scarce good, service, or resource and explain why it is scarce. Identity which factor of production is being affected. Ford Motor Company announced last week the elimination of 10,000 jobs. a. b. The opening of new housing subdivisions threatens to overrun area farms outside of Lincoln. a. b. Pepsi announces the opening of a new $30 million bottling facility. a. b. Workers at the Goodyear tire factory go on strike. a. b. Bob's Creamery stores are forced to close for a month because of a terrible rat infestation. a. b. The U.S. president restricts imports of farm equipment. a. b. An epidemic strikes major cities causing one-third of the workforce to become sick. a. b. Toxic waste is dumped into the Platte River polluting the drinking water supply for two nearby cities. a. b. BEG IDEAS [if [an WHEN AND SKILLS PHilBTIGE 32 'EiZIJZMMEBIDRN umtcn. mu 'Iof'l