AB224: Microeconomics Unit 2: Scarce Resources and Trade - Discussion

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Topic 1 Discussion topic: Scarcity Solutions

 

Do some research on the country of Ethiopia and discuss:

  1. Who in the Ethiopian society has the most difficult time dealing with scarcity?
  2. What do they need most?
  3. How can their society provide for their wants and needs?
  4. Why are they so impoverished?
  5. What can their governments do to help, or hinder their country's development?
  6. Could not Ethiopia become a world class producer and exporter of goods? How would Ethiopia compare with Japan? Japan is a country relatively POOR in natural resources, yet it is an economic world powerhouse. What are the differences between the two countries?

 

 

 

                         Links to Other AB 224 Tutorials

      Just click the Discussion to go to respective tutorial.

-AB224: Microeconomics Unit 1: Beginning Principles – Discussion

-AB224: Microeconomics Unit 2: Scarce Resources and Trade - Discussion

- AB224: Microeconomics Unit 3: Supply and Demand - Discussion

- AB224: Microeconomics Unit 4: Consumer Choice and Utility Maximization - Discussion

- AB224: Microeconomics Unit 5: Surplus - Discussion

- AB224: Microeconomics Unit 6: Governmental Price Controls - Discussion

- AB224: Microeconomics Unit 7: Fixed Costs and Variable Costs - Discussion

- AB224: Microeconomics Unit 8: Cost Analysis and The Perfectly Competitive Market - Discussion

-AB224: Microeconomics Unit 8: Cost Analysis and The Perfectly Competitive Market - Discussion

 

 

 

    • 11 years ago
    AB224: Microeconomics Unit 2: Scarce Resources and Trade - Discussion
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