1. Explain why scarcity is a problem (in different words). Give an example from the Marvel Universe or the real world to support your answer.

2. Why does scarcity make it impossible for Wakanda to exist?

3. How does the Hockey Stick of Human Prosperity demonstrate changes to economies? Include at least two examples from Professor Boudreaux's video.

4. Describe an economic problem the government in America is trying to solve. What solution to this public policy issue do you think would work best?

Explain why this policy would be the best solution using Sowell's three questions.

• Why is your proposed solution the best response to this issue?
• What is the cost of your proposed solution?
• Is there evidence (statistics or statements from experts)from a credible source that shows your proposed solution would work? Remember you can use the Helpful Links tab on our class homepage.

Answer rating: 100% (QA)

Scarcity A Resourceful Challenge Scarcity is a problem because our wants and needs outpace whats available Imagine a delicious pizza Theres only one b... View the full answer