Opportunity Cost






		Goods and Services Economic Wants Producers Consumers Productive Resources Natural Resources Human Resources Capital Resources Scarcity Opportunity Cost Trade and Money



		Specialization Interdependence Trade-Offs Productivity Market Price Supply and Demand Entrepreneur Profit Savings Investing


		OPPORTUNITY COST

	When you make a decision, the most valuable alternative you give up is your OPPORTUNITY COST There is an opportunity cost to every decision. Example: Harlan wants to purchase a basketball and a football. He only has enough money for one item. If he chooses the basketball, his opportunity cost is the football. Remember, the money you pay for a good or service is not your opportunity cost.

	LITERATURE CONNECTION




	How to Get Posters

You can use the literature books below to help teach about OPPORTUNITY COST. Click on the book cover or the title below to obtain information on the book as well as guided questions you can use with your students. Some books are no longer available from the publishers, but we still include title information and Lessons as you might have them in your school or public library or possibly in your classrooms.

Cover	Title	Author	Publisher & ISBN	Retail Price	Binding & Status
	Errand’s Braids	Antonio Hernandez Madrigal	Putnam 0399232125 Putnam 0698118855	15.99 6.99	Hardcover Paper
	Mailing May	Tunnell, Michael O.	HarperCollins 0064437248	6.95	Paper
	Tops & Bottoms	Stevens, Janet	Harcourt 0152010343	16.00	S & L Binding


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