Documents Session 1 Scarcity and Opportunity Costs Disclaimer: The views expressed are those of the presenters...

Slide 1 Session 1 Scarcity and Opportunity Costs Disclaimer: The views expressed are those of the presenters and do not necessarily reflect those of the Federal Reserve Bank…

Documents What is the empty wallet syndrome? Why does scarcity affect us at all times?

What is the empty wallet syndrome? What is the empty wallet syndrome? Why does scarcity affect us at all times? What are wants and needs? Needs+= must have to survive items:…

Documents What is Economics? What is Scarcity? Why does scarcity affect us at all times?

What is the empty wallet syndrome? What is Economics? What is Scarcity? Why does scarcity affect us at all times? What are wants and needs? Needs = must have to survive items:…

Documents What is the empty wallet syndrome?

What is the empty wallet syndrome? What is the empty wallet syndrome? Why does scarcity affect us at all times? What are wants and needs? Needs+= must have to survive items:…