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Standards for Using Slope to Compute Opportunity Cost

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National Standards in Economics

Name: Scarcity

Standard: 1

  • Students will understand that: Productive resources are limited. Therefore, people cannot have all the goods and services they want; as a result, they must choose some things and give up others.
  • Students will be able to use this knowledge to: Identify what they gain and what they give up when they make choices.

State Standards

Common Core State Standards

Name: HSA-REI.D

Standard: High School: Algebra

Area: High School: Algebra

  • Represent and solve equations and inequalities graphically.

Name: HSS-ID.C

Standard: High School: Statistics & Probability

Area: High School: Statistics & Probability

  • Interpret linear models