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Grade 9-12
,
Lesson

Sports Economics: To Build or Not to Build

Time: 60 mins,
Updated: February 8 2019,
Author: Mike Raymer
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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.

In this economics lesson, students will examine a public-private partnership to learn about opportunity cost.

Subjects:
Economics