🟩 Economic Concepts Day 158

Economic Concepts - Day 158

Introduction

One of the biggest concepts in economics is the idea of opportunity cost. As you learned in the last lesson, opportunity cost is the value of what is lost when a choice is made, or the trade off. For example, at snack time, your mom gives you a choice of crackers or popcorn. You choose popcorn, so the opportunity cost would be what you didn't choose, the crackers.

Task Icon Economic Concepts

  • Let’s practice using this concept completing the sort below. 
  • Can you think of one more example? Write your example in your journal.

 

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