'Decision making grid' presentation slideshows

KEY CONCEPT

Chapter 1: The Economic Way of Thinking. KEY CONCEPT Scarcity is the situation that exists because wants are unlimited and resources are limited. WHY THE CONCEPT MATTERS

906 views • 49 slides

The Economic Way of Thinking

534 views • 48 slides

Chapter 1: The Economic Way of Thinking

Chapter 1: The Economic Way of Thinking. KEY CONCEPT Scarcity is the situation that exists because wants are unlimited and resources are limited. WHY THE CONCEPT MATTERS

586 views • 46 slides

Trade-Offs and Opportunity Costs

Trade-Offs and Opportunity Costs. CHOICES!. Trade-Offs. Because people cannot have everything they want, they face trade-offs , or alternative choices. Opportunity Cost. People often think of cost in terms of dollars.

114 views • 9 slides