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:

1. The need to pay for bike - fixing every year is a future - occurring event as it will happen over time in the coming years.
2. The lack of money for new shoes is a present consequence since it is a direct result of the current choice of buying the bike.
3. Saving time when the school year starts is a future consequence as it is related to a future time (start of school year).
4. Having a new bike to ride is a present consequence as it is an immediate result of the 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