Explain how needs, wants, and availability of resources affect decision making.
By applying economic reasoning, individuals seek to understand the decisions of people, groups, and societies.
No resources have been tagged as aligned with this standard.
Explain how needs, wants, and the availability of resources affect decision making.
Explain how availability of resources affects decision making in Arizona with respect to water and other natural resources.
Examine concepts of scarcity, choice, opportunity cost, and risk.
Compare the benefits and costs of individual choices within the context of key historical events.
Identify what one gains and gives up when they make choices.