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

Group Forecasting Analysis Instructions Instructions This is a group

Group Forecasting Analysis Instructions Instructions This is a group assignment and therefore must be completed by the student group without outside assistance. To complete the assignment, first read the write-up for the “Clean Sweep” case study. Then, answer the questions listed below for each part of the case. Part 1

 To identify a demo/psychographic profile using a zipcode locator tool.  Segmentation Activity – This activity will count as a

 To identify a demo/psychographic profile using a zipcode locator tool.  Segmentation Activity – This activity will count as a participation grade. Purpose: To identify a demo/psychographic profile using a zipcode locator tool. Background: Marketers traditionally referred to geographic and demographic characteristics as the primary bases for dividing consumers into market segments.

Instructions as a pdf Gordon Rule Written assignments Assignment #

Instructions as a pdf Gordon Rule Written assignments Assignment # Due Date: 1 09/23/24 Written Assignments (10% of Final Class Grade) To elaborate the written assignments, you need to choose from de media any article related to the topics covered in class such as demand, supply, interest rate, taxes, subsides,