Title: "The Three Economic Questions"
Designed for Grades: 11-12
Estimated Time: 50 minutes
National Standards: Complies with NBEA Economics 2023 Standard II.1: Explain why societies develop economic systems, identify the basic features of different economic systems, and analyze the U.S. economic system’s major features
Objectives:
II.1.9 Analyze existing economies and how they answer the following three basic economic questions every economic system must answer:
II.1.10 What goods and services should be produced?
II.1.11. How should the goods and services be produced?
II.1.12. For whom should the goods and services be produced?
Materials:
● White Board or Smart Board
● Flashcards
● Student laptops with Internet connection
● Worksheets (2)
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