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In this video, one can see how Apple created a false sense of scarcity of their products. This makes the demand for the product increase since potential consumers believe that there is a high demand for the product.

This article discusses the scarcity of land supply in Chicago and the resulting shift towards home reselling. It explains that, since the scarcity of land has greatly upped the price of constructing new homes, home reselling has consistently and overwhelmingly exceeded new house construction. It also discusses that it was more cost efficient to buy the house, completely demolish it, and rebuild the it on the property than build a new one somewhere else, which provides an example of the sheer effect scarcity has on price.

This article talks about the scarcity of fuel in Abuja. Although the elite people in the area are able to acquire fuel, most public transports could not. Without gasoline, the owners of the transportation vehicle could not go to work. This shows how the lack of a certain product can badly hurt a country and resulting in the government having to spend money to appease the people. Fuel is a limited resource of the earth and is considered scarce.

This article is about scarcity and it compares generally america with india. It is really useful to understand better how scarcity works.

This article discusses the impact of low economic development in an exemplary LEDC, Kenya. It explains how freshwater is very scarce and how it has hurt the growth of agriculture in the country's poorest county, Turkana County, but also outlines how the discovery of new water reserves could possibly combat this. Unfortunately, though due to the underdeveloped infrastructure of the region, and the inefficient enterprise (in this case, the government), it could be difficult to realise a steady supply of water. Thus, a vicious cycle is formed, in which development increases at a snail's pace.

This is an article about 2013 Bangladeshi building collapsing and the incidents happened after it. It also analyse the reason behind the building collapsing. We have learned about scarcity. Because the scarcity of money, people tend to buy cheap fashion clothes. So companies are moving into poor developing countries, and using cheap labor to decrease the cost of labor. Also, this article made me think how we can do to protect those people who died in the collapsing by stopping buying cheap clothing.

INTRODUCTION Constitutional historians and lay-persons alike would be alarmed if the United States Government seized five pages of the New York Times in an attempt to increase public access to the media. This adverse reaction would stem from the ...

This article compares the incomes of different households in the US showing the increase percentage in wealthier incomes and the decreased percentage of more poor incomes based on the wealthier income increase. This shows money, which is scare, being unequally distributed throughout a nation.

Article for discussion board 5

Review this article on the decline of chocolate

This paper examines the effects of the increase of oil costs on countries that import oil for industrial purposes. It uses an equilibrium model to show the negative effects of an increased cost in oil. You must open the PDF.

This article describes the scarcity of raises in the United States, especially for those with a college education, due greatly to the recent recession. The article then goes on to discuss ways in which we can increase the number of "good" jobs for these college-educated students in the United States.