Question

scarcity means people must make choices. choices have consequences, or results. these consequences are often spread out over time. some consequences happen in the present, or right away. others happen further in the future.
for example, david has just bought a new bike. decide whether each consequence is in the present or the future.
david will probably have to pay to have the bike fixed up every year or so.
david also wanted to buy new shoes, but he doesnt have enough money to buy them anymore.
when the school year starts, david will save time by riding the bike to school instead of walking.
david has a new bike to ride.

Explanation:

• "David will probably have to pay to have the bike fixed up every year or so." - This is a future consequence as it will occur in the coming years.
• "David also wanted to buy new shoes, but he doesn't have enough money to buy them anymore." - This is a present consequence as it is a result of his current choice of buying the bike.
• "When the school year starts, David will save time by riding the bike to school instead of walking." - This is a future consequence as it will happen when the school year starts (a future time).
• "David has a new bike to ride." - This is a present consequence as it is an immediate result of his purchase.

Answer:

• David will probably have to pay to have the bike fixed up every year or so: Future
• David also wanted to buy new shoes, but he doesn't have enough money to buy them anymore: Present
• When the school year starts, David will save time by riding the bike to school instead of walking: Future
• David has a new bike to ride: Present