Assignment: Efficient Allocation of Scarce Resources Purpose To assess your ability to recomment the efficient allocation method for a scarce...

Efficient Allocation of Scarce Resources Paper 1for more details please check the attached files.

• Attachment 1
• Attachment 2

1.Discuss one example of a scarce resource and why it is considered to be a scarceresource.Ans:The example of scare of resource is limited amount of water. Water is an increasing scareresource...