Economic+Questions

1. There is no difference in the price of the cokes, but there is another difference. If you really want a coke with ice you will lose time by walking to the other end of the mall and you will also waste your energy. Instead you can just get a coke from the vendor and save time and energy. 2. If we gave money to every Bahamian who showed proof of residency they would have money, but it wouldn’t help them. The hurricanes disrupted production and the shops wouldn’t be open. They would have no where to spend the money. Bahamians wouldn’t be able to buy the stuff they need to survive. There would be a lot of people who would get that money and $50 every day is a lot. We would be spending money for no reason and it wouldn’t be helping anyone either.  3. They charge people different prices to make going to the movies more affordable. Also, so that when you actually step in the movie theater you buy popcorn. You think that you are not spending as much money, but you are spending the rest of your money on snacks. They can make the snacks as high as they want because you can't buy popcorn from anywhere else. Everyone pays the same amount for popcorn because if you buy it you are going to eat it. 4. Its Christmas time and the new toy that every kid wants is Tickle Me Elmo. Kids are going crazy and won’t stop pestering their parents until they get one. Parents are looking everywhere for this toy so their child will be happy. 5. The economy is really bad. Every one is losing their jobs and are not able to pay for their homes. Foreclosures are happening every where. Houses are for sale for very low prices, but no one is able to buy because of what’s happening to the economy. 6. The economy is slowly falling. People are losing their jobs and their homes. The last thing they need on their mind is food. McDonalds is the only business whose sales are going up. Why? Well, because their dollar menu of course. People are coming in for cheap, tasty, fast food. McDonalds in now increasing their supply because of all the new customers. 7. Automotive dealers are suffering enormously because of this economic downfall. No one is even thinking of buying a car right now. People are more worried about their jobs and houses and families. So, all of the dealers must cut back on the amount of cars they are manufacturing. 8. **Choice a** : 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. **Consequence a** : If Micaela does this she cannot buy CD’s from the music store or buy movie passes. She will still have eaten and bought her favorite type of jeans. **Choice b** : Micaela can buy 4 CDs for $50 from the music store with the $50 her aunt gave her for her birthday. **Consequence b** : If she buys those 4 music CD’s Micaela cannot buy her favorite type of blue jeans, movie passes, and can’t even get food from the food court. 9. **Choice a** : If Alec tells Terry that he cannot go skate boarding he can go mow his neighbor’s lawn instead and then head home to help his mom with dinner. **Consequence a** : Terry might get mad at Alec for not going skate boarding, but Alec made some extra money buy mowing his neighbor’s lawn in the afternoon. He also was able to help his mother with dinner. **Choice b** : Alec can just ignore everything and spend the whole day skate boarding with Terry. He can choose not to mow the neighbor’s lawn and not help his mom with dinner. **Consequence b** : Alec won’t make any money and he might get grounded for not coming home on time. On the bright side he got to spend the day skate boarding with Terry. 10 **. Choice a** : William and Cruz can buy a little bit of each type of snack with the $50 they have for the budget. **Consequence a:** If they buy a little bit of each type of snack food some type may run our faster than others. So, if people are only buying popcorn once that runs out Cruz and William won’t be able to make any more money. The rest of the snacks will also go to waste. **Choice b:** William and Cruz can also just buy popcorn and chips with the $50 that they have because those are the most common movie snacks. **Consequence b:** Some of the people at the movie might not like popcorn or chips and since that is the only things that Cruz and William have they will lose sales. Also, if there is any extra chips and popcorn left they can sell it at lunch the next day.
 * Economics Questions and Scenarios **