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Federal Reserve Bank
Monster Musical Chairs and Scarcity
Why can't we have everything we want? Youngsters are introduced to the concept of scarcity through a game of musical chairs and by discussing what it takes to satisfy our wants.
Federal Reserve Bank
Federal Reserve Bank of St. Louis: Monster Musical Chairs [Pdf]
A lesson based on the book, Monster Musical Chairs, by Stuart J. Murphy. Students learn, through a game of musical chairs, that any supply of goods is limited and not everyone's wants will necessarily be met.