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The Opportunity Cost of a Lifetime
Source: Council for Economic Education (EconEdLink) | Type: Lesson

All economic questions and problems arise from scarcity. Economics assumes people do not have the resources do satisfy all of their wants. Therefore, we must make choices about how to allocate those resources. We make decisions about how to spend our money and use our time. This EconomicsMinute will focus on the central idea of economics- every choice involves a cost.

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Quick Lesson - needs link updated.    August 26, 2008
By: Burk, A
This lesson really needs to be aged at grades 3-5. The concepts and presentation of the lesson were very easy for my middle school students. The lesson itself took very little time and the pokeman link has been blocked by my school district.
I like the extension activity though because it fit their interests better and you could use it on the computer using the internet or without the computer using Sunday ads.