Grades K-2
Grade 9-12
,
Activity
Allocating Goods and Services
Objective
Students will be able to:
- Determine how personal attributes affect the allocation of goods and services.
Concepts
In this economics activity, students will match individuals with their preferred methods of allocating goods and services.
Resources
Procedure
This activity is an individual activity where students will complete a matching game. Select between the ReadyAssessments Matching Activity or the Matching Game Worksheet. Every society needs a system for allocating resources. Regardless of the system used, there is never enough to satisfy everyone because resources are limited and wants are unlimited. To complete this activity, students need to follow the directions below:
-
- In the ReadyAssessments Matching or Matching Game Worksheet activity, you will match the person with the allocation method he or she would most likely favor to get the product he or she wants. After completing the matches, write a brief summary explaining why you chose each pair.
Related Resources
Students study a painting by van Gogh called "Flower Beds in Holland". The students recognize that this farmer made a...
Key Concepts: Scarcity
Grades 9-12
Is Efficiency Ethical?
In Lesson #5 of the Ethics, Economics, and Social Issues curriculum, students role-play to understand both the power and limits...
Key Concepts: Scarcity
60 min
Lesson
Grades K-2, 3-5
Toys for Me: A Lesson on Choice
Updated! In this elementary economics lesson, students will categorize and prioritize their wants to learn about scarcity and choice. Scarcity...
Key Concepts: Decision Making, Opportunity Cost, Opportunity Cost…
Lesson
Grades 6-8, 9-12
I Don't Want Much, I Just Want More: Allocation and Decision-Making
In this economics lesson, students will assess the costs and benefits of product allocation methods.
Key Concepts: Scarcity
60 mins
Lesson