Warm-up:
Complete the following questions on your note sheet:
How does scarcity have an impact on all governments? What solutions are there to this problem?
Give an example of opportunity cost.
List a scarce resource in Calvert County. Explain how unlimited wants of this product/resource make it scarce.
How does scarcity have an impact on all governments? What solutions are there to this problem?
Give an example of opportunity cost.
List a scarce resource in Calvert County. Explain how unlimited wants of this product/resource make it scarce.
Objective:
SWBAT describe the role of scarcity and opportunity cost in government decision-making.