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Scarcity Tutorial by J. Kevin Maney, Ph.D.

Scarcity Tutorial by J. Kevin Maney, Ph.D. How it Impacts YOU! Click HERE to begin. So Who Cares??. Have you ever had the feeling you need to be in two places at once but can’t be? Have you ever had to make a decision about what to buy and what not to buy?

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Scarcity Tutorial by J. Kevin Maney, Ph.D.

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  1. Scarcity Tutorialby J. Kevin Maney, Ph.D. How it Impacts YOU! Click HERE to begin.

  2. So Who Cares?? • Have you ever had the feeling you need to be in two places at once but can’t be? • Have you ever had to make a decision about what to buy and what not to buy? • Are you confident that you always make the best decisions possible? • If you answered yes to any of these questions, then it’s time to learn about scarcity! Click the Next arrow to start. Next

  3. All About NEEDS • A NEED is anything we must have to survive • Examples of needs include: • Water • Food • Clothing • Click hereto see if you can identify examples of NEEDS

  4. NEEDS: Check Your Understanding • Which of the following are examples of NEEDS? • Concert tickets • A good night’s sleep • Your weekly allowance • A brand new wardrobe Answers

  5. Answers to NEEDS Examples • If you answered a good night’s sleep, you are correct! All of the other examples represent wants because our survival is not dependent on them. When you are finished, click the Back Button to return to the tutorial. • Concert tickets • A good night’s sleep • Your weekly allowance • A brand new wardrobe Back

  6. All About WANTS • A want is anything we would like to have but our survival does not depend on having them. • Examples of wants include: • Taking a vacation • Dining out • Buying a new computer

  7. WANTS: Check Your Understanding • Which of the following is an example of a WANT? Click the Answer button to find the answer. • A new car • Asthma medication • Drinking water Answer

  8. Answers to WANTS Examples • If you answered a new car, you are right! While having a new car is nice, it is not necessary for our survival. Asthma medicine can be necessary for the survival of an asthmatic and clean water is needed by everyone. Click HERE to return to the tutorial

  9. NEEDS and WANTS: Check Your Understanding • Is the example below a NEED or a WANT? Click either Need or Want below to find the answer. • A DVD • Need • Want

  10. Answers to NEEDS and WANTS Examples • Great job! A DVD is a want because it is not necessary to our survival. Click the Return button to go to the next question.

  11. Answers to NEEDS and WANTS Examples • Sorry. The Correct answer is a want. A DVD is a want because it is not necessary to our survival. Click the Return button to go to the next question. Return

  12. NEEDS and WANTS: Check Your Understanding • Is the example below a NEED or a WANT? Click either Need or Want below to find the answer. • A DVD • Need • Want Return

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