The Economic Way of Thinking · Economic Foundations

Scarcity and Choice

Analyzing why humans must make choices and the inescapable trade-offs involved in every action.

Key Questions

  1. 1What trade-offs does this policy create?
  2. 2How do we decide which needs are more important than wants?
  3. 3What is the true cost of a free lunch?

Ontario Curriculum Expectations

ON: Canadian and World Studies - Grade 9ON: Economic Decision Making - Grade 9
Grade: Grade 9
Subject: Economics
Unit: The Economic Way of Thinking
Period: Economic Foundations

Suggested Methodologies

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