In a Google Doc or a Codepen, a 500-750 word essay answering:

What is economics?

How do limited natural resources lead to the development of economies?

Why is scarcity the biggest problem faced by all economies?

How does scarcity affect the price, production, and consumption of goods?

A study found that:

A person with a one-hour commute has to earn 40% more money to be as satisfied with life as someone who walks to the office. On the other hand, for a single person, exchanging a long commute for a short walk to work has the same effect on happiness as finding a new love.

Explain why finding using the idea of opportunity cost.

In fewer than 140 characters, explain this graph:

You should use your notes, and cite any sources as links.