In what ways does "scarcity" play a role in your daily life and decision making? In answering this question everyone should also consider discussing: How the invisible hand of self interest influences...

• In what ways does "scarcity" play a role in your daily life and decision making?
  
  

In answering this question everyone should also consider discussing:

• How the invisible hand of self interest influences our decision making


• The four principles that guide choices made by individuals


• Explaining how trade-offs and opportunity costs fit into the decision making process


• Possibly look at charting a Production Possibility Frontier that illustrates a specific decision