Unit 4: Lesson 20 - Why Helping Yourself Helps Others Students examine and discuss visuals to identify an economic mystery regarding greed and self-interest. They use economic reasoning to analyze the mystery and reach a tentative explanation. Concepts: - Choice
- Competition
- Future Consequences
- Incentive
- Market Economy
- Opportunity Cost
- Voluntary Trade
Standards: - Standard #2: Decision Making
- Standard #3: Allocation
- Standard #4: Incentives
- Standard #8: Role of Prices
- Standard #9: Competition and Market Structure
- Standard #15: Economic Growth
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