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Lesson Plan

Scarcity and Choice

Curated and Reviewed by Lesson Planet

Twelfth graders examine how social cooperation develops spontaneously in societies that protect private property rights and allow people to exchange freely.

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Concepts
scarcity, cost-benefit analysis, demand, opportunity cost, supply and demand, trade-offs
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Additional Tags
benefits, demand, margnal costs, opportunity cost, scarcity, supply, trade-offs, social studies
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Resource Details
Grade
12th
Subjects
Social Studies & History
1 more...
Resource Type
Lesson Plans
Audience
For Teacher Use