Grade 9-12
,
Lesson
Sports Economics: To Build or Not to Build
Objective
Students will be able to:
- Explain how government uses the power of taxation to redistribute income.
- Define opportunity cost as the next best alternative given up when individuals, businesses, and governments confront scarcity by making choices.
Concepts
In this economics lesson, students will examine a public-private partnership to learn about opportunity cost.
Subjects:
Economics