CA Review

Explain how scarcity is shown in the passage below.

Criteria for Success:

· Identify how scarcity is shown

· Details/context about scarcity

· Casual link to the text that shows scarcity

Texas is in trouble! So many people have been buying takis that the state is running out of corn. Corn is the main ingredient in takis. Takis are sold at Walmart and are often bought by students at YES Prep.

Identify an example of each factor of production (natural resource, capital resource, human resource) from the excerpt below.

Ms. Lobo decides to open a restaurant. She hires two other people to be waiters. She decides to grow some of the food she cooks for her customers, so she has tomato, pepper, and other plants. She also buys a cow so they can have fresh milk. She uses many appliances, such as an oven, microwave, and refrigerator to make the food.

Based on the chart explain whether North Korea or the United States, has a higher standard of living. Support your choice by providing two reasons.

Criteria For Success:

· Identify the country with the higher standard of living.

· Describe what standard of living means, or what a high standard of living means.

· Explain why the country you picked fits that category by providing two reasons.