I am teaching economics to high schoolers right now and I spent the first class on scarcity. Economics is the making of choices among competing uses for the same resource. If I knit for 2 hours, those 2 hours cannot also be sued for blogging. If I spend $10 on junk food, that $10 is no longer available to buy socks or pencils. I think they understand it now. Time is the most scarce resource of all, yet we often seem to regard it the least. Humans are strange creatures, aren't we?
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