Choices Are Everywhere: Why Can't We Just Have It All? (Page One Economics)

As the Rolling Stones song says, "You can't always get what you want." So we make choices. Every day, governments and individuals choose how much money to spend and what to purchase. The January 2013 issue discusses opportunity costs and scarcity and how they affect our spending decisions.

Graphs compliments of FRED.

Teachers: Visit the Reading Q&As in our Econ Lowdown Teacher Portal to find the teacher edition for this issue, to assign an online version of the student materials and to collect student scores on the questions. The materials are still free—but having them in the portal keeps students from accessing the answer key.

See the Page One Economics archive for more topics »

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Education Level: 9-12 Non-educators College
Subjects: Personal Finance AP Economics Economics Data Literacy
Concepts: Scarcity Wants Taxes Spending Budget/Money Management Income Opportunity Cost
Resource Types: Publication Lesson
Languages: English