Explain how each of the following people would talk about scarcity and trade-offs. (a) the President of the United States (b) the leader of a...

10.Explain how each of the following people would talk about scarcity and trade-offs. (a) the President of the United States (b) the leader of a developing nation (c) a U.S. citizen whose income is in the top one percent (d) a U.S. citizen whose income is in the bottom 5 percent.