1. Economic Choices and Decision Making
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Economic Choices and Decision Making
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2. Trade-Offs Every decision has advantages and disadvantages.
What offers the most advantages or satisfies the consumer the most?

3. Trade-Offs

4. Trade-Offs What are the trade-offs for the knight?
What are the advantages?
What are the disadvantages?
Am I
that
boring?

5. What are the trade-offs for the prisoner?

6. Opportunity Cost Does not always mean dollars and cents.
Can be time, money, or resources.

7. Opportunity Cost Summer Job Computer manufacturer $10.25/hr.
Landscaping company $8.65/hr.
Knows no one there. Mostly adults.
Work everyday with 3 of best friends.
What is the opportunity
cost in a 40 hour week?

8. Opportunity Cost Opportunity Cost
                                                                                                                                                                                                                        

9. Opportunity Cost
What is the opportunity cost for switching to methane?

10. Economic Choices

11. Economic Choices
The king faces a trade-off between crops and catapults.
What is the opportunity cost of obtaining two or more catapults?

12. Economic Choices
Always remember that in a free enterprise system, the emphasis is on the individual and their economic rights, responsibilities, and choices.