Unit 1: Lesson 1 - Economic Reasoning: Why Are We A Nation of Couch Potatoes? Students examine visuals to identify an economic mystery regarding exercise and diet. They use the Guide to Economic Reasoning to analyze the costs and benefits of decisions about diet and exercise. They discover that human behavior is influenced by choices, costs, incentives, rules, voluntary exchange, and future consequences, even in decisions about diet and exercise. Concepts: - Choice
- Economic Systems
- Future Consequences
- Incentive
- Opportunity Cost
- Voluntary Trade
Standards: - Standard #1: Scarcity
- Standard #2: Decision Making
- Standard #3: Allocation
- Standard #4: Incentives
- Standard #5: Trade
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