2
Theme 1 Lesson 2:
Making Decisions
This lesson builds on Lesson 1, introducing students to points 3 and 4 of The Economic Way of Thinking: People must make choices, and Every choice involves a cost. In activities related to these points, the students practice using the PACED decision-making process.
Concepts
- Cost
- Cost/Benefit Analysis
- Decision
- Trade
- Trade-off
Standards in Economics and Personal Finance
View the standards that correlate to this lesson:
Related Lessons
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