ASSIGNMENT : Do you think that clean air is a scarce resource?

Welcome to the discussion. The discussion is where you can share and discuss information and opinions. This is where you will learn from one another, challenge each other, and critically think about the subject matter. Each discussion is divided by an initial post with at least 300 words, and one reply with at least 100 words. The maximum grade for each discussion is 100 points which is divided as follow:

Initial post= 70 out of 100
One reply= 30 out of 100

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Discussion 1
Do you think that clean air is a scarce resource? Please discuss from the meaning of scarce resources to the air as an economic factor.

SAMPLE SOLUTION

Bus 360 Microeconomic Discussion 1
The majority of goods and services are considered economic goods. One quality that helps to identify the economic goods is that they are scarce (Goldsmith et al., 2020). This means that the scarce goods and services are those whose demand would be higher than their supply if their prices were to be set at zero (Scoones et al., 2014). This is because of the existing shortage and the fact that economic goods have a price attached…

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