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MERLOT II




        

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Scarcity, Choice and Decisions

        

Scarcity, Choice and Decisions

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This lesson concerns the interrelated concepts of scarcity, choice, and costs. The objectives are to Define the opportunity cost of a decision as the most valued discarded option and Analyze trade-offs involved in making spending decisions. Although designed for high school students, it could be used in a freshman level economics class.
Material Type: Drill and Practice
Date Added to MERLOT: August 27, 2005
Date Modified in MERLOT: January 06, 2009
Author:
Send email to themint@northwesternmutual.com
Submitter: Cathy Swift

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Primary Audience: High School, College General Ed
Mobile Compatibility: Not specified at this time
Language: English
Cost Involved: no
Source Code Available: no
Accessiblity Information Available: no
Creative Commons: unsure

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