Title: "Markets and Prices"
Designed for Grades: 11-12
Estimated Time: 50 minutes
National Standards: Complies with NBEA Economics 2023 STANDARD: Analyze the role of markets and prices in the U.S. economy.
Objectives:
IV.1.1. Describe how relative price is used to allocate scarce resources.
IV.1.2. Describe and give examples of markets for goods and services in the U.S. economy.
Materials:
● Whiteboard or Smart Board
● How Prices are Determined Worksheets (10)
● Relative Prices Quiz
● Student laptops with internet connections
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