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

Improving Business Performance Week 2 Discussion Colleagues 1 Lyndsay

Improving Business Performance Week 2 Discussion Colleagues 1 Lyndsay Camaroto Hello, The organization I chose is the one I work at as well, Even though for me I have had great experiences as an employee and have really grown in my career. From a Moral standpoint, there are instances where

PIQ#3Discusion 3 Note: followed two responses  Your initial response must be a minimum of 300 words. Healthcare organizations use various Key

PIQ#3Discusion 3 Note: followed two responses  Your initial response must be a minimum of 300 words. Healthcare organizations use various Key Performance Indicators (KPIs) and Quality Metrics to measure performance. This activity allows you to practice researching and using data to inform quality improvement decisions. For this discussion board: 1. Select one

see attached MBA 560 – FINANCIAL STATEMENT ANALYSIS RUBRIC Name: Date Completed: Students will complete the assignment with attention to the

see attached MBA 560 – FINANCIAL STATEMENT ANALYSIS RUBRIC Name: Date Completed: Students will complete the assignment with attention to the criteria below. GRADE: Exceptional Proficient Basic Insufficient /Missing/Late Company Selection Minus 10 points if late Financial Statements Minus 10 points if late Company/Industry Section Horizontal Analysis 3 accounts/line items