Economics project

Economics project

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  • hey mom, do you think i could get shoes today?
  • do you actually need them now?
  • yes mom!! i want them and i need them.
  • ok...well you have to wait until dad gets home, you know things are scarce. 
  • ok and mom this time i want them to be nonexcluable, so you could wear themm.
  • okay and i'll make sure that they're nonrivalrous.
  • when you buy them(because ik you will) are you using cash or a credit card? 
  • debit card , why?
  • because i heard that when you use a credit card you get o pay it back later. 
  • yes and sometimes you have to pay interest.
  • okay thanks mom, call me when dad gets here. love you!
  • okay love you too.
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