Microeconomics – Scarcity Solutions

Business Finance

Do some research on the country of Ethiopia and discuss:

  1. Who in the Ethiopian society has the most difficult time dealing with scarcity?
  2. What do they need most?
  3. How can their society provide for their wants and needs?
  4. Why are they so impoverished?
  5. What can their governments do to help, or hinder their country’s development?
  6. Could Ethiopia become a world-class producer and exporter of goods? How would Ethiopia compare with Japan? Japan is a country relatively POOR in natural resources, yet it is an economic world powerhouse. What are the differences between the two countries?
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