Comic Book DBQ Question Sheet.docx - Economics DBQ Is scarcity a “real” problem in the United States Steps to Success 1 Read each “Episode”

Comic Book DBQ Question Sheet.docx - Economics DBQ Is...

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Economics DBQ: Is scarcity a “real” problem in the United States? Steps to Success : 1. Read each “Episode”. Answer each set of questions at the end of each episode. There are 5 Episodes. 2. Then, using the information you gained throughout your reading and any prior knowledge, answer the prompt in at least 500 sentences. You do not have to do additional research for this. Use strictly the information from the DBQ. Make sure to cite your sources! 3. When finished, you will have all five episodes read, all episode questions answered, and a 500-word essay written. Episode 1: 1. In no more than three sentences, explain the plot of Episode 1. Scarcity was a problem with Primo. Then cost became a problem with him. Primo incurs a cost whenever he does anything. Whenever e goes fishing, he gives up the opportunity to gather firewood. 2. If you were given $100.00 right this minute, how would you allocate it so as to maximize your satisfaction? I would spend less on some of the items. 3. Keeping the definition of cost in mind, what does the utilization of land for agriculatural purposes cost our state? Make a list of at least two costs and Explain your answer. You could use the land for trees and shelter . Something cost whenever you have to give up something else in order to get it. 4. Again, using our definition of cost, what did it cost the U.S. to go to the moon? (NOTE: The money spent amounted to approximately $40 billion.) 25.4 billion US dollars. Episode 2: 1. In no more than three sentences, explain the plot of Episode 2. Primo was interested in productive resources. He had no Capital. He didn’t know he had lots of land. 2. Classify the following productive resources as either land, labor, or capital. a. Bulldozer- Capital b. Seaweed- Land c. Phonograph record- Capital d. Potato chips- Capital e. School desk- Capital f. Construction workers- Labor g. Screwdriver- Capital h. A region’s climate- Land 3. Primo says that a Washington delicious apple is “just a plain old resource”, while the bird (his name is Louie) insists that it’s a productive capital resource. Who is
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right? Can it be that they are both right? Justify your response. I say that Primo is right because Capital resources are man-made and apples are not man-made. Episode 3: 1. In no more than three sentences, explain the plot of Episode 3. Primo had to decide what to produce and how to produce it. There was no conflict on what to produce, how to produce it, and who to produce it to. Primo met someone who was swallowed by a whale.
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