Scarcity and Opportunity Cost
Introduce the term "scarcity".
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In this reading activity, students make a choices and state the opportunity cost of their decisions.
Scarcity and Opportunity Cost
Introduce the term "scarcity".
Tortilla Factory
Differentiate between productive resources and intermediate goods.
Betty Bunny Wants Everything (Lesson 1)
Learn about wants, choice, and scarcity.
Nizzy and Cooper's ABC Adventure (Lesson 2)
Students learn what goods and services are.
Production Profit and Loss
Calculate total revenue and profit or loss.
The Berenstain Bears: Get the Gimmies
Identify the problem of scarcity, and recognize their opportunity cost.
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