The Economic Way of Thinking · Economic Foundations

Scarcity and Choice

Exploring how limited resources force individuals and societies to make trade-offs.

Key Questions

  1. 1What trade-offs does this policy create?
  2. 2How do different economic systems answer the three basic economic questions?
  3. 3What incentives are driving this behavior?

Ontario Curriculum Expectations

ON: Economic Decision Making - Grade 12ON: The Nature of Economy - Grade 12
Grade: Grade 12
Subject: Economics
Unit: The Economic Way of Thinking
Period: Economic Foundations

Suggested Methodologies

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