Analyzing Wants and Needs Using Scarce Resources Objective : Analyze the effecti

Analyzing Wants and Needs Using Scarce Resources
Objective : Analyze the effectiveness of varying ways individuals or groups attempt to satisfy their basic needs and wants by utilizing scarce resources
Use news article that focuses on shortage/surplus of certain goods/services
Explain how or how wants and needs cannot be met all the time due to scarce resources
Include diagrams with proper labels
Explain the diagrams using the concepts of signaling function of price
CREATION:
Length of writing: one page minimum to two pages maximum (including the graph)
1.5 spacing, 12 point font, Arial font

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Objective : Analyze the effecti
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