Production Possibilities
Develop the production possibilities frontier model.
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Reading Q&A
16-30 min
Choices Are Everywhere: Why Can't We Just Have It All?
OVERVIEW
This reading assignment discusses opportunity costs and scarcity and how they affect our spending decisions. Every day, governments and individuals choose how much money to spend and what to purchase. Print the article.
Related Resources
LESSONS & ACTIVITIES
1 HOUR+
INFOGRAPHICS & COMICS
How Do I Use Economics In My Life?
Explore how economics is a part of students’ everyday lives.
VIDEO Q&A
0-15 MIN
There Is No Such Thing as a Free Lunch
Discuss scarcity, choice, and opportunity cost.
AUDIO Q&A
0-15 MIN
Opportunity Cost
Introduce choice, scarcity, and opportunity cost.
AUDIO Q&A
0-15 MIN
Factors of Production
Discuss the factors of production.
VIDEO Q&A
16-30 MIN
Factors of Production
Explain the four factors of production.
