TD : Scarcity and choice

Question 1: Circle the correct answer :

Two facts are true about everyone, regardless of gender, creed, colour, income. Everyone has:

limited wants      limited resources     unlimited wants     unlimited resources

Keywords:

Regardless: in all cases
Creed: religion
Gender: sex
Income: the money that people get, what they earn



Question 2: Fill in the blanks:

Yet no matter what we have, we always want to have………………………………..

According to the video the definition of unlimited wants is the fact that even if you ended up getting the things you wanted, you………………………

Question 3: What’s the consequence of the fact that we have unlimited wants but limited resources?