Lesson Details

Unit 1: Lesson 2 - Scarcity and Abundance

The lesson provides students with two definitions of the term scarcity. They apply these definitions to several examples of human behavior. In the second part of the lesson they use the definitions to explain why people may treat scarce resources as if they were not scarce.

Concepts:

  • Alternative
  • Choice
  • Scarcity
Standards:
  • Standard #1: Scarcity

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