THE LORAX 1. Describe how the Truffula trees represent the concept of scarcity? 2. Give examples...

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THE LORAX 1. Describe how the Truffula trees represent the concept of scarcity? 2. Give examples of each of the FOUR Factors of Production found in the Lorax: A. Land: B. Labor: 3. C. Capital: D. Entrepreneur: Find and Identify an example of allocation and describe how each is shown in the story. 4. What are TWO opportunity costs of producing the Thneed? 5. Would you describe the Once-lers actions as rational? Why or why not? 6. How did the Once-ler answer the THREE basic questions? 7. Explain how private property rights might have changed the outcome in the Lorax. 8. How was the Once-ler able to increase his productivity? 9. Was the Once-lers business successful? What makes you think that? 10. What were the consequences of his business? Positive/Negative THE LORAX 1. Describe how the Truffula trees represent the concept of scarcity? 2. Give examples of each of the FOUR Factors of Production found in the Lorax: A. Land: B. Labor: 3. C. Capital: D. Entrepreneur: Find and Identify an example of allocation and describe how each is shown in the story. 4. What are TWO opportunity costs of producing the Thneed? 5. Would you describe the Once-lers actions as rational? Why or why not? 6. How did the Once-ler answer the THREE basic questions? 7. Explain how private property rights might have changed the outcome in the Lorax. 8. How was the Once-ler able to increase his productivity? 9. Was the Once-lers business successful? What makes you think that? 10. What were the consequences of his business? Positive/Negative