Lesson 2: Economic Choices
Duration of Days: 2
Lesson Objective
Describe the types of economic resources
Identify the basic economic problem and how to use the
decision making process
What are the 3 types of economic resources and an example
What is the basic economic problem and decision making process?
scarcity, economic decision making, trade-off, opportunity cost
CTE-Business and Finance Technology; Business management
B. Economics: Describe and apply the decision making process for
allocating scarce resources
14. Define scarcity and why it requires individuals, governments and societies to make choices
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