Time: 60 minutes
Identify the opportunity cost of a decision.
Apply the concepts of scarcity, trade-offs, and opportunity cost to a decision by a hypothetical high school student (Franklin) who had to choose how to use his after-school time among three alternatives.
Explain the rationale for the recommended decision.
Video: explanation, timer
recommendations to an imaginary high schooler)
Video: What is Opportunity Cost?
Opportunity Cost…in Minecraft? (or village settlement if students are unfamiliar with survival sandbox games)