Description Standards No aligned standards. Resources Introduction to Choice in a World of Scarcity Resource ID: pW23j8Ch@5 Grade Range: HS - 12 By: Instructional Materials Subject: Introduction 2.1 How Individuals Make Choices Based on Their Budget Constraint Resource ID: nuDGUgTY@6 Grade Range: HS - 12 By: Instructional Materials Subject: Learning Objectives The Concept of Opportunity Cost Identifying Opportunity Cost Marginal Decision-Making and Diminishing Marginal Utility Sunk Costs From a Model With Two Goods to One of Many Goods Disclaimer 2.2 The Production Possibilities Frontier and Social Choices Resource ID: seF09ZXN@6 Grade Range: HS - 12 By: Instructional Materials Subject: Learning Objectives The Shape of the PPF and the Law of Diminishing Returns Productive Efficiency and Allocative Efficiency Why Society Must Choose The PPF and Comparative Advantage 2.3 Confronting Objections to the Economics Approach Resource ID: Wm6dFXID@6 Grade Range: HS - 12 By: Instructional Materials Subject: Learning Objectives First Objection: People, Firms, and Society Do Not Act Like This Second Objection: People, Firms, and Society Should Not Act This Way Key Terms Resource ID: 8_94nzIe@2.21 Grade Range: HS - 12 By: Instructional Materials Subject: Key Terms Key Concepts and Summary Resource ID: z8kG5Qxh@2.21 Grade Range: HS - 12 By: Instructional Materials Subject: Key Concepts and Summary Self-Check Questions Resource ID: ccT_T1Yp@2.21 Grade Range: HS - 12 By: Instructional Materials Subject: Self-Check Questions Review Questions Resource ID: rrVATaeZ@2.21 Grade Range: HS - 12 By: Instructional Materials Subject: Review Questions Critical Thinking Questions Resource ID: H1JWXsyH@2.21 Grade Range: HS - 12 By: Instructional Materials Subject: Critical Thinking Questions Problems Resource ID: JbnRUVwa@2.21 Grade Range: HS - 12 By: Instructional Materials Subject: Problems Test Prep For AP® Courses Resource ID: r28XoVh9@2.21 Grade Range: HS - 12 By: Instructional Materials Subject: Test Prep For AP® Courses Share <a href="https://texascourses.org/binder/2-choice-world-scarcity-0" title="2 Choice in a World of Scarcity" hreflang="en">2 Choice in a World of Scarcity</a> Copy and paste the link code above.
