Lesson: What Is Economics and Why It Is Important
What did you learn?
What did you learn?
| Reflect |
Use this checklist to reflect on your understanding of key lesson concepts.
| I am able to… | Definitely | With help | Not at all |
| discuss the importance of studying economics |
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| explain the relationship between production and division of labor |
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| evaluate the significance of scarcity |
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If you selected “with help” or “not at all,” to any of these concepts, go back to the lesson to review the relevant sections.