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 effect our spending decisions.
Graphs compliments of FRED®.
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Keep your students in the know on timely economic issues with the Page One Economics Classroom Edition. The Page One Economics newsletter provides a simple, short overview of a current economic event that offers students an opportunity to use close reading strategies. The Teacher’s Guide includes student questions and a teacher answer key, plus additional resources and lesson ideas for classroom, extra credit, or make-up assignments. You can subscribe via RSS feed or email.
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High School, Consumers, College
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Scarcity, Wants, Taxes, Spending, Budget/Money Management, Income, Opportunity Cost