Economics+Questions

   1. The difference between the cost of the cokes is that though they both cost the same money-wise, it could cost you a 1/4 mile walk down to the other side of the mall. If you're up for taking that walk, then fine; but if you're tight on time, I wouldn't worry about your already cold coke not having any ice.         <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">  <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">2. If we gave money to every Bahamian who showed proof of residency after the hurricane, they would have money, but it wouldn’t help them. Since all the shops have been destroyed as well as their homes, there would be nowhere to spend the money or keep the things you bought. There would be a craze for food and water, and some families would be left to starve. <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">   <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">  <span style="font: normal normal normal 7pt/normal 'Times New Roman';"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">    <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">3. Movie theaters do this because they know teenagers will pay more money, adults and seniors will pay less, and little children can't pay for themselves to get in. What they do know is that almost everyone likes popcorn. <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">   <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">  <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">4. It's winter in Wisconsin and everyone is experiencing Cabin Fever. People start to look for homes in warmer places such as Texas. <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">   <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">  <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">5. Ipods are becoming popular. Everyone either has one or wants one. CD players are being thrown in the trash or given away. No one wants them anymore. <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">   <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">  <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">6. Tap water is contaminated everywhere. No one has water to drink, and water is essential for human life. Bottled water is fine to drink. The supply on bottled water must go up. <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">   <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">  <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">7. Laptops had became popular recently. Everyone wanted one. Now no one can afford one because the economy is bad. <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">   <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">   <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">8. **<span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">Choice a  ** <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">: Micaela can buy jeans of her favorite brand with the money that her aunt has given her. If the jeans are $35 she can also eat a little something at the food court. <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">  **<span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">Consequence a   ** <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">: If Micaela bought jeans that used up almost all her money. If she did this, she would have almost no money left for anything else. <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">  **<span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">Choice b   ** <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">: Micaela buys 4 CDs for $50 from the music store. <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">  **<span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">Consequence b   ** <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">: If Micaela bought four CDs from he music store, she wouldn't be able to buy anything else, and she'd only have music to listen to instead of many other things she could have bought, and had more things to do with. <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">   <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">     <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">  <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">9. **<span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">Choice a: Alec will go home and mow the neighbor's lawn. ** <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">  **<span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">Consequence a   ** <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">: If Alec goes home and then mows the neighbor's lawn, he will miss a day of skating with Terry. <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">  **<span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">Choice b   ** <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">: Alec will not go home to mow the neighbor's lawn. <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">  **<span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">Consequence b   ** <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">: If Alec doesn't go home to mow the neighbor's lawn, he will miss out on the opportunity to make money, and maybe even have a frequent job, all because he was too caught up with skating. <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">   <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">     <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">   <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">10    **<span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">. Choice a  ** <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">: William and Cruz buy a little of each type of snack with the $50 they have for the budget. <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">  **<span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">Consequence a:   **<span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"> If William and Cruz buy a little of each type of snack, they might have the chance to make more money because of a wider variety. <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">  **<span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">Choice b:   ** <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"> William and Cruz buy popcorn and chips with the $50 that they have because those are the most common snacks for watching movies. <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"> <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">  **<span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">Consequence b:   **<span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"> Since these choices of snack are common, they might sell better than the other snacks.
 * <span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">Economics Questions and Scenarios   **<span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;"><span style="font-family: 'Times New Roman', Times, serif;">