Cartoon Analysis Of Scarcity And Opportunity Cost

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Scarcity and opportunity cost are two economic concepts that have been discussed for many years and are still discussed today. The cartoon by Paul Fell further illustrates the concept of opportunity cost. In the cartoon, a wretched, small school is displayed with a sign attached to it that reads, “Deteriorating U.S. Schools.” The schoolhouse is has broken, wooden walls, a hole in the roof, gasses The cartoon also shows a delivery man approaching the school with a box of computers. In a speech bubble, someone from inside the schoolhouse sarcastically exclaims, “Great! We can use the cardboard from the box to fix the broken window and leaky roof…!” This represents opportunity cost because while the government used its scarce financial resources
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