Another approach to maximizing utility uses indifference curves (sometimes called utility curves) and budget constraints to identify the utility optimizing combination of consumption. Read about this method in this article.

Learners explore an alternative to starting a business from scratch- investing in a franchise. They begin by considering the pros and cons of a franchise and whether this form of business is an option that would fit their personality and...

Choose what to bring on a voyage. Space is scarce, so choices must be made about what to leave behind.

If you don't know what the economy is or how it works, this site is for you. It is broken into subsections that make it easy to understand the economy.

This site is a lesson that teaches students about scarcity and choice. Students participate in a simulation where they are asked to make choices about what they want to take with them in order to survive.

This article summarizes the learning objectives and essential knowledge for the lesson on Scarcity. Here you will find key terms, key concepts, common misperceptions, and discussion questions to help you review what you have learned....

This lesson plan is about the reasons for International Trade.

Ninety-four primary sources-historical documents, literary texts, and visual images-that explore the challenges, opportunity, and turmoil of late-nineteenth-century America. They examine the economic expansion in an America re-united...

Ninety-four primary sources-historical documents, literary texts, and visual images-that explore the challenges, opportunity, and turmoil of late-nineteenth-century America. They examine the economic expansion in an America re-united...

Ninety-four primary sources-historical documents, literary texts, and visual images-that explore the challenges, opportunity, and turmoil of late-nineteenth-century America. They examine the economic expansion in an America re-united...