Name Mia Jinkins _______________________________________________________ Week 1 Homework Scarcity Part 1 - Article Analysis-Read the article excerpt and answer the questions. "Have you ever wondered where your food comes from? YouTube star Andy George did, and he took it into his own hands to find out. George's latest endeavor was to document the entire process of making a "simple" chicken sandwich from scratch. The entire ingredients list for the sandwich included lettuce, tomatoes, onions, cucumbers, dill, peppers, garlic, sunflowers, eggs, salt, honey, wheat, milk, and of course, one live chicken. George posted his entire sandwich-making process in aYouTube video... (How to Make a $1500 Sandwich in Only 6 Months) George produced all of the ingredients himself. This included planting seeds in a community garden to grow vegetables, extracting honey from a local bee farm, milking a cow to make butter and cheese, and processing wheat to create bread...[T]he hardest ingredient to retrieve for the sandwich was the salt. George had to travel from his hometown of Minneapolis to the Pacific Ocean to collect salt water, which he then processed into salt....The entire project tooksix months and cost $1,500....[Source:www.abcnews.go.com] 1.Assume George's sandwich included the same ingredients as a sandwich that you can buy at your local deli. Explain why George's sandwich cost so much more. George's sandwich cost much more than one from a local deli because in order to gather all of the ingredients from scratch, he had to travel far away from his hometown. As well as he had to buy materials to make or grow certain ingredients, like the vegetables in the garden. 2.The excerpt mentions that George travelled from Minneapolis to the Pacific Ocean to collect salt water. With this in mind, explain why it is unlikely that George truly produced everything he needed to make the sandwich himself. Give an example that supports your reasoning. It is unlikely that George truly produced everything he needed because there isn't a way to make salt without the ocean. He also needed seeds to grow the vegetables, which are produced by plants. Part 2 - Stretch Your Thinking-Connect the excerpts you read to the following key economic assumptions. Identify how sandwiches exemplify each of the following statements. 3.Most resources are scarce. Society has unlimited wants and limited resources. Sandwiches relate to this because money, a resource in order to buy a sandwich, is scarce. On the other hand, many people want sandwiches. 4.Due to scarcity, choices must be made. Every choice has a cost. Sandwiches relate to this because certain ingredients can start to shortage around the world. This means that if a specific ingredient for sandwiches becomes scarce, then another food option that you might not like as much might be a better spending decision.
