Topic 2: Scarcity at School?

In our school, we have to face many tradeoffs. Not just us students, but teachers too. We have a scarce amount of time, in general, therefore we have to tradeoff some leisure time, some play time to study in order to meet our school's requirements. Teachers have to do the same thing, spend some time to do study plans and make some tests. The school administration office has to face many scarcity as well, things like deciding how many days to go to camp for, because we have a scarce amount of time, so we must decide which events to go to and which events to ignore. There are also monetary scarcity in our school, they must face tradeoff as they have to decide between buying 200 more new desks or invest the money on something like new versions of text books. Also, different teachers may have different salary, therefore creating a scarcity of money, which they have to decide who to pay more and who to pay less. I want more school facilities, certain facilities like a larger auditorium, a track, a campus, these are all the resources that we demand, but due to the scarce amount of money, will not be put on top of the priority list. I believe that we could have gotten all these things if these were the priority, but it isn't. Things like teacher's salaries, small expenses spent on fixing the school are all used before we can get all the facilities. I have personally faced mainly scarcity of time, as I procrastinate quite a bit, not finding and balancing enough time to do all my work on time.