Scarcity and Opportunity Cost
Introduce the term "scarcity".
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Lessons & Activities
31-45 min
Little Nino's Pizzeria
OVERVIEW
In this lesson, students read the story Little Nino's Pizzeria and identify the inputs in a pizza, categorizing them as intermediate goods, natural resources, human resources, and capital resources. They use a Venn diagram to sort attributes of each restaurant mentioned in the story and the attributes the restaurants share.
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