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Khan Academy: Lesson Summary: Scarcity, Choice, and Opportunity Costs

Curated by ACT

An introduction to the concepts of scarcity, choice, and opportunity cost.

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Concepts
scarcity
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Additional Tags
opportunity costs, economic models, khan academy, khan academy: lesson summary: scarcity, choice, and opportunity costs, positive vs. normative analysis, social choice
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Classroom Considerations
  • Knovation Readability Score: 3 (1 low difficulty, 5 high difficulty)