Opportunity Costs 📉

🎯 Learning Targets

• Understand why sacrifice is an important element of economic choice
• Identify the assumptions involved in creating a production possibilities curve
• Determine why future production possibilities might differ from current production possibilities

⏰ What We Did

• Used instructional notes from Lesson 1, Part 3 to illustrate opportunity costs through production possibilities curves

⚙️ Resources

• Understanding Graphs (A-1)