Big Queston - Water Scarcity

Go to the following website and answer the following questions:

http://thewaterproject.org/water_scarcity.php

1. What is water scarcity?
2. Why is it a growing problem?
3. Why is water important?
4. How does this help illustrate the basic economic problem?

Big Question - Opportunity Cost

Big Question - Needs and Wants 2

From the diagram above, describe IN YOUR OWN WORDS the basic economic problem and how this problem is overcome.

Big Question - Needs and Wants

Big Question - Factors of Production