Warm-up:
Why can't everyone in the United States have a million dollars to buy whatever they want?
What potential problems do you think this would cause?
Relate this scenario to one of the economic systems we discussed last week.
What potential problems do you think this would cause?
Relate this scenario to one of the economic systems we discussed last week.
Objective:
SWBAT explain the role of scarcity and opportunity cost in government decision-making.