3. Scarcity refers to the idea that land (materials), labour, and capital (money) are limited and therefore humanity cannot make everything.
a. Name a resource, good, or service that is only at certain times of the year. Why is it only available at that time?
b. Name a resource, good, or service that will eventually run out. Why?
A. a service that is only certain times of the year is shoveling snow, this is a service only good for in the winter because if not there will be no snow in order to shovel!
B. a resource that will eventually run out is coal we are using it and a lot of it and it comes naturally it is not man made so more can not be produced in a timely manner!