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Hass Term 3 - Coggle Diagram
Hass Term 3
6 key concepts
Scarcity
Scarcity is the economic problem of having unlimited needs and wants, but limited resources available. Resources can include natural or made materials; for example, water, electricity, soil and sugar
Making Choices
Making choices is an important part of economics. As consumers, we make choices about what we want to buy to satisfy our needs and wants.
Specialisation and Trade
When a country is unable to produce a good or service, it can import goods or services from other countries. For example, many Asian countries rely on Australia’s farming industry to provide their population with goods such as beef,
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Types of Scams
insurance Scam
The courier scam is a scam where the victim gets told there is a problem with their bank account and then someone that is supposedly from the bank comes to collect your 'hacked' card
Phycological Scam
The three cup scam is a phycological scam where the victim is told that their is one ball underneath the three cups and that they have to watch the cup that the ball is underneath and tell them which one it is under. The scam part of it is that there is never a ball under the cup so it is impossible for the player to win.
Emotional Scam
The romance scam is a scam where the victim gets tricked into a fake relationship where they get emotionally attached to a person and then that person uses them to get money from them
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