WILL GIVE BRAINLIEST Submit Assignment
Scarcity forces us to make choices. There are trade-offs associated with any choice we make,
but there are also benefits like earning an Ain economics. Trade-offs can also be called costs of
the choice made. The most valuable trade-off, the one you truly gave up (like extra sleep), is the
opportunity cost
Create a T-chart
In the tab box below, you will find important information for completing the assignment for this
lesson. You must click on each of the three tabs to see all of the directions for this assignment.
Be sure to complete all three parts:
1. Ask a question
2. Open and complete a T-chart.
3. Respond to the reflection questions.
Step 1
Step 2
Step 3
Asking a question
2009 Jupiterimages Corporation Now that you are familiar with scarcity, choice, and opportunity cost, let's
use this knowledge to tackle an important decision. Think of a current
dilemma in your life where you need to make a choice. Perhaps you are
considering which college applications to fill out. Maybe you are thinking about whether to get a part-time job.
Or you may have a research paper due Monday and you are not sure whether Friday's party will fit into your
plans. The possibilities are limitless. Think about your dilemma in the form of a "yes" or "no" question. For
example, "Should I get a part-time job?"