Article Review Economics examines how people use their scarce resources in an attempt to satisfy their unlimited wants (Colander). For example, the Department of Defense recently sent a proposal to Congress requesting a single-round of base closures to better use scarce resources. This proposal called the Efficient Facilities Initiative (EFI) amends and improves the former Base Realignment and Closure (BRAC) legislation. The legislation, if approved by Congress, would allow the Department of Defense to reduce …showed first 75 words of 655 total…

…showed last 75 words of 655 total…need can we make up part of the gap between funding and requirements. Base closures are a harsh reality of the Department of Defense's need to both eliminates excess capacity (supply) and to reshape our infrastructure to better match the future mission and force requirements of the 21st century (demand). Works Cited Aldridge, W. "Briefing on Base Closure Process". Defense LINK [Online], (2001): 29 July 2002 <http://www.defenselink.mil> Colander, David. Macroeconomics. New York: MaGraw-Hill, 2001.