Society as a whole in any given country faces similar challenges due to the fact that each society has limited resources but has unlimited wants. As strange as it might sound, when countries go to large scale wars, such as WWI and WWII for example, one of the main changes in their "production" is the increase in the production of children, as well as war materials- tanks, planes, bombs, etc. During peacetime and economic progress, people produce fewer children, and the opportunity cost of having a child typically rises (more jobs for women with high pay means higher cost of having a child and/or being a stay-at-home mom). As such, societies alter their production process (production possibility frontier) as the resources and the wants of their people change.

Pick either a country/region outside the United States or a state, a region, or a city within the United States and discuss what is the major good or service that country, region, state, or city produces and why.

Also, what are the challenges that county, region, state, or city faces given its current resources?

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