M1 Icebreaker Discussion

M1 Icebreaker Discussion

Listed below are possible discussion topics for this module, but if you have personal experiences or examples that relate
to the topics presented in the assigned readings, please feel free to add those to this discussion as well. In developing
your thoughts and opinions here, please look to incorporate citations and statistics both from the textbook and other
outside sources. Lastly, let’s always remember to keep these discussions civilized and respectful, even when we disagree on
certain topics.

Module 1:

1.Give an example of how “scarcity” plays a role in your daily life and decision making. What are the opportunities forgone
as a result of the choices made?
2.In your work places what examples of trade offs do you see on a daily basis? What are the dominant factors of production
that are seen in your places of employment?
3.In thinking about how you make choices as individuals, what influences your economic decision making? How do you come to
decisions in terms of consumption and how you use your resources?
4.In our society who dictates What is Produced? Consumers or Producers? Please cite specific examples here in developing
your thoughts on this topic.