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  • 2.4 Economic Problem Worksheet

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    Han M
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    The person in the cartoon faces an economic problem of making a choice between competing alternatives due to limited resources. They must make a decision between two activities, illustrating the concept of opportunity cost where pursuing one alternative means giving up another. While scarcity will always exist, the economic problem can be reduced by increasing available resources through things like trade or technological advances.

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    The person in the cartoon faces an economic problem of making a choice between competing alternatives due to limited resources. They must make a decision between two activities, illustrating the concept of opportunity cost where pursuing one alternative means giving up another. While scarcity will always exist, the economic problem can be reduced by increasing available resources through things like trade or technological advances.

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    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
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    14 views1 page

    2.4 Economic Problem Worksheet

    Uploaded by

    Han M
    The person in the cartoon faces an economic problem of making a choice between competing alternatives due to limited resources. They must make a decision between two activities, illustrating the concept of opportunity cost where pursuing one alternative means giving up another. While scarcity will always exist, the economic problem can be reduced by increasing available resources through things like trade or technological advances.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    Download as docx, pdf, or txt
    of 1

    ACTIVITY – Economic Problem and Opportunity Cost

    1. What is the economic problem this person faces? How is the concept of opportunity cost illustrated in the
    image above?
    Include the following words in your response;
    choice, competing, decision, alternative, economic problem, opportunity cost.
    _______________________________________________________________________________________

    _______________________________________________________________________________________

    _______________________________________________________________________________________

    _______________________________________________________________________________________

    _______________________________________________________________________________________

    _______________________________________________________________________________________

    _______________________________________________________________________________________

    2. Will the person in the cartoon ever be free of the economic problem? Explain.

    _______________________________________________________________________________________

    _______________________________________________________________________________________

    _______________________________________________________________________________________

    _______________________________________________________________________________________

    _______________________________________________________________________________________

    _______________________________________________________________________________________

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