Which Can You Afford? Why? - PowerPoint PPT Presentation

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Which Can You Afford? Why?

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  1. Which Can You Afford?Why?

  2. This car, LEXUS LS09? http://www.lexus.com/models/LS/features/pricing.html

  3. This car, LEXUS LS 09? http://www.lexus.com/models/allModels/#

  4. This car, FORD TAURUS 2010? http://www.fordvehicles.com/cars/taurus/

  5. This car, FORD FIESTA 2010? http://www.ford.com/vehicles/auto-shows


  6. This HD motorcycle?

  7. This bike?

  8. Or this bus?

  9. This castle?

  10. This house?

  11. Or this house?

  12. What is the problem? • The problem is called SCARCITY, which is the basis for the subject of Economics. • What is scarcity? • We do not have enough resources. • In this case, resources mean $$$$. • By studying Economics we know how to deal with the scarcity problem.