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Council for Economic Education
Econ Ed Link: Scarcity With the Lewis and Clark Expedition (Teacher Version)
The Lewis and Clark expedition was filled with scarcity issues. They made life and death choices based on scarcity. In this lesson, you will travel back to the early 1800's in a time machine and travel with Lewis and Clark. See if you...
Council for Economic Education
Econ Ed Link: Economic Spotter: Resources During Wwii
This is a lesson that deals with scarcity during WWII. Natural, human, and capital resources are discussed.
Council for Economic Education
Econ Ed Link: Economic Spotter: Resources During World War Ii
In World War II pennies were made of steel and zinc instead of copper and women were working at jobs that men had always been hired to do. Why? Because during war times, scarcity forces many things to change!
Council for Economic Education
Econ Ed Link: No Room for a Sneeze
This lesson teaches students about scarcity and standard of living. In the book "No Room for a Sneeze", a folktale retold by Robyn Supraner, a farmer and his wife must deal with scarcity in their home so they turn to the Wiseman for...
Council for Economic Education
Econ Ed Link: Paraffin Alia
All resources are limited. It is this simple fact--scarcity--that forces us to make decisions. When we do make a choice, we pass up some other opportunity. Opportunity cost is defined as the next best alternative not chosen, or the...
Council for Economic Education
Econ Ed Link: Ncee: Tapped Dry: How Do You Solve a Water Shortage?
Water is a limited and sometimes scarce resource. What do you do when the supply is limited?
Council for Economic Education
Econ Ed Link: I Can Dream Anything!
Go to this site for fun activities and a great lesson on personal choices and specialization. This lesson provides the primary teacher with an excellent opportunity to incorporate a character education lesson on self-esteem, while...
Council for Economic Education
Econ Ed Link: Sand Art Brownies
In this lesson, you will learn about substitute goods. You will have choices to make in your role as a shopper. In making these choices, you will decide whether you are willing to accept one good as a substitute for another or not. Are...
Council for Economic Education
Econ Ed Link: How the Crusades Led to the Finding of the New World
The lesson will help students to discover the importance of the Crusades to the expansion of many European countries. Students will also be introduced to new products and find out why explorers were willing to risk all to locate new...
Khan Academy
Khan Academy: The Production Possibilities Curve Model
This study resource will help students understand, and create, graphs that are critical skills in macroeconomics. This article reviews the production possibilities curve model. This resource is designed as a review for the AP...