'His opportunity cost' presentation slideshows

732 views • 65 slides

The Economic Problem

3. The Economic Problem. CHECKPOINTS. Checkpoint 3.1. Checkpoint 3.2. Checkpoint 3.3. Problem 1. Problem 1. Problem 1. Problem 2. Problem 2. Clicker version. Problem 2. Problem 3. Clicker version. Problem 3. Checkpoint 3.4. Problem 4. Clicker version. Problem 1. Problem 5.

622 views • 43 slides

Opportunity Cost

Opportunity Cost. The Next Best Alternative. As a result of scarcity, choices have to be made. What Are Incentives?. Incentives are factors that encourage or discourage various types of behaviors, actions or activities. Changes in incentives alter the way people behave.

1.11k views • 31 slides

Gains from Trade and Division of Labor

382 views • 20 slides