Question

Write a short story about a student your age who has to make an economic choice. In your story, reveal how plentiful wants conflict with scarce resources.

Answer 1

Lilly wanted to hang out with a group of friends for her 16th birthday. She decided that she wanted to go to Vegas and stay in the Nobu hotel for three nights, and get 2 rooms, one for guys, the other for girls. The limit of people per room is 4. She wanted to take her friend Mikayla, Lincoln, Cadence, Calvin, Evan, Mia, Gage, and Alex. After she had everything planed out, she realized that she had 5 boys staying in one hotel room. She didnt have enough money to get three rooms.

Answer 2

Little Johnny does not know whether he wants to buy a fishing rod that he had picked out or the yeti cooler that he saw on his way to the register. Both the cooler and the fishing rod cost $157.99 and all he has is $160 so he has to decide between the two. Plentiful wants means that he wants both of the items although scarce resources determines that he can only buy one of them.

Step-by-step explanation: