Economics - Introduction to Economics - Opportunity cost - What Did You Give Up?
A relatable scenario: 'It's Saturday morning. You have ONE free morning.' Decision 1: 'Do you: a) Sleep in, b) Play sports, c) Study for Monday's test?' If sleep: 'You feel rested! But you missed the game AND didn't study. Your opportunity cost = sports + study time.' If sports: 'Great game! But you