Enduring Understanding:
Opportunity cost is what is given up because you choose to do something else.
This activity will require collaboration with a partner.
Step One: View this 3-minute video.
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email support with this video id: df2c9ad54a194c5aa21ae5690fc3e762
Step Two: With your learning partner, view this PowerPoint presentation:
Step Three:
Fun Rationing Activity - go to the Activities section on this page and click on "Rationing - Shopping for a Meal in 1943" See how well you do.
Step Four:
In one paragraph, define opportunity costs. Also explain how opportunity cost affected the decision to ration goods during World War II. (If you need to review information about World War Two rationing, click HERE. ) Click HERE to see photos of actual ration books and coupons. You will be graded according to this RUBRIC.
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Opportunity Cost
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Inaccurate definition/ does not meet expectations
Does not understand the relationship between opportunity cost and rationing
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Incomplete definition /below expectations
Somewhat understands the relationship between opportunity cost and rationing
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Accurate definition/ meets expectations
Accurately states the relationship between opportunity cost and rationing, meets expectations
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Accurate definition/Above expectations
Accurately states the relationship between opportunity cost and rationing/
above expectations
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Comments (1)
Dr. Arome said
at 2:14 pm on Apr 1, 2010
Very good video, Katie.
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