Overview : Students will explore how limited resources restrict the goods and services that people may want and how consumers must choose some things a

 

Overview : Students will explore how limited resources restrict the goods and services that people may want and how consumers must choose some things and give up others. Students will consider systems and means created to meet and manage the issue of scarcity.

Standard

E.01 Explain how consumers and producers confront the condition of scarcity by making choices that involve opportunity cost and tradeoffs

– define scarcity

– differentiate between scarcity and shortage

– define opportunity 

– define tradeoffs

– differentiate between opportunity cost and tradeoffs 

– differentiate between needs and wants 

– define economics 

– explain how consumers and producers handle the condition of scarcity by making choices that result in opportunity cost and tradeoffs.

*include vocabulary slide

Please break down the standard so that it will not be so broad .  Any extra is appreciated 

**Create a teachable power point to go along with the standard. Suitable for high school. No set amount of slides, just enough to get me through a 90 min class

Share This Post

Email
WhatsApp
Facebook
Twitter
LinkedIn
Pinterest
Reddit

Order a Similar Paper and get 15% Discount on your First Order

Related Questions

 Effective management deals with effective managers who control and direct people according to established policies and procedures. For organizations to

 Effective management deals with effective managers who control and direct people according to established policies and procedures. For organizations to succeed, they need both functions. An effective manager pays attention to many aspects of management, leadership and learning within an organization. Dr. Sam Perkins, a graduate of the Harvard University

Optimization Group Project Instructions Instructions This is a group

Optimization Group Project Instructions Instructions This is a group assignment. In order to complete the assignment, first read the “Hawley Lighting Company” case study. Conduct necessary calculations and answer the questions listed below. Submit your Excel spreadsheet(s) with calculations to the assignment dropbox before the posted deadline. Prepare a properly