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Econ Ed Link: Opportunity Cost of a Lifetime

Curated by ACT

This lesson encourages students to define opportunity cost, determine the the opportunity cost and trade-offs for certain decisions, and select criteria important for decision making.

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Concepts
opportunity cost, scarcity
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Additional Tags
econedlink, opportunity cost of lifetime, choice, council for economic education, e.dm.12, opportunity costs
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Classroom Considerations
  • Knovation Readability Score: 2 (1 low difficulty, 5 high difficulty)
  • The intended use for this resource is Instructional