USA National Standards for Concept "Choice"
National Standard Number: 1
Productive resources are limited. Therefore, people can not have all the goods and services they want; as a result, they must choose some things and give up others.
Online lessons on US Standard 1 from the National Council on Economic Education Website.
National Standard Number: 2
Effective decision making requires comparing the additional costs of alternatives with the additional benefits. Most choices involve doing a little more or a little less of something: few choices are "all or nothing" decisions.
Online lessons on US Standard 2 from the National Council on Economic Education Website.
