Warning: Undefined array key "PANTHEON_ENVIRONMENT" in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/mu-plugins/disable-plugins-in-development.php on line 8

Deprecated: Return type of CsvLine::offsetExists($offset) should either be compatible with ArrayAccess::offsetExists(mixed $offset): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvLine.php on line 43

Deprecated: Return type of CsvLine::offsetGet($offset) should either be compatible with ArrayAccess::offsetGet(mixed $offset): mixed, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvLine.php on line 52

Deprecated: Return type of CsvLine::offsetSet($offset, $value) should either be compatible with ArrayAccess::offsetSet(mixed $offset, mixed $value): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvLine.php on line 59

Deprecated: Return type of CsvLine::offsetUnset($offset) should either be compatible with ArrayAccess::offsetUnset(mixed $offset): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvLine.php on line 68

Deprecated: Return type of CsvLine::current() should either be compatible with Iterator::current(): mixed, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvLine.php on line 89

Deprecated: Return type of CsvLine::next() should either be compatible with Iterator::next(): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvLine.php on line 97

Deprecated: Return type of CsvLine::key() should either be compatible with Iterator::key(): mixed, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvLine.php on line 105

Deprecated: Return type of CsvLine::valid() should either be compatible with Iterator::valid(): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvLine.php on line 113

Deprecated: Return type of CsvLine::rewind() should either be compatible with Iterator::rewind(): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvLine.php on line 125

Deprecated: Return type of CsvReader::current() should either be compatible with Iterator::current(): mixed, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvReader.php on line 81

Deprecated: Return type of CsvReader::next() should either be compatible with Iterator::next(): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvReader.php on line 89

Deprecated: Return type of CsvReader::key() should either be compatible with Iterator::key(): mixed, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvReader.php on line 101

Deprecated: Return type of CsvReader::valid() should either be compatible with Iterator::valid(): bool, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvReader.php on line 109

Deprecated: Return type of CsvReader::rewind() should either be compatible with Iterator::rewind(): void, or the #[\ReturnTypeWillChange] attribute should be used to temporarily suppress the notice in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/plugins/barrel-magicbox/includes/libs/CsvReader.php on line 117

Warning: Undefined array key "post_type" in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/themes/econ-ed-link/lib/data/webinars-admin-sort.php on line 24
EconEdLink - Allocating Goods and Services
Notice: Function wpdb::prepare was called incorrectly. The query argument of wpdb::prepare() must have a placeholder. Please see Debugging in WordPress for more information. (This message was added in version 3.9.0.) in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-includes/functions.php on line 6031

Celebrate #FinLitMonth with us by finding ideas for you and your students!


Warning: Undefined variable $resource in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/themes/econ-ed-link/modules/hero-single/hero-single.php on line 23
Grade 9-12
,
Activity

Allocating Goods and Services

Time: 30 mins,
Updated: January 25 2022,
Author: Council for Economic Education
Teacher Version
Objective Standards Summary Resources Procedure
Print

Objective

Students will be able to:

  • Determine how personal attributes affect the allocation of goods and services.

Standards

National Standards in Economics

State Standards


Deprecated: Function get_page_by_title is deprecated since version 6.2.0! Use WP_Query instead. in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-includes/functions.php on line 6031

Concepts

Decision Making/Cost-Benefit Analysis, Scarcity

In this economics activity, students will match individuals with their preferred methods of allocating goods and services.

Resources

Procedure

This activity is an individual activity where students will complete a matching game. Select between the ReadyAssessments Matching Activity or the Matching Game Worksheet. Every society needs a system for allocating resources. Regardless of the system used, there is never enough to satisfy everyone because resources are limited and wants are unlimited. To complete this activity, students need to follow the directions below:

    1. In the ReadyAssessments Matching or Matching Game Worksheet activity, you will match the person with the allocation method he or she would most likely favor to get the product he or she wants. After completing the matches, write a brief summary explaining why you chose each pair.
Subjects:

Warning: Undefined array key "a:2:{i:0;s:1:"7";i:1;s:2:"15";}" in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/themes/econ-ed-link/lib/data/resource.php on line 367

Related Resources

Grades 9-12

Can We End Housing Insecurity?

Students compare the economic costs and benefits of helping people who are experiencing housing insecurity and consider the ethical implications.
Key Concepts: Decision Making/Cost-Benefit Analysis, Role of Government

Warning: Undefined variable $show_date_time in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/themes/econ-ed-link/modules/card-post/card-post.php on line 130
90 mins
Lesson

Grades 9-12

Can You Be Fashionable and Ethical?

Students “produce” blue jeans and make business choices about production to simulate the decision of changing from more expensive, but...
Key Concepts: Costs of Production, Decision Making/Cost-Benefit Analysis, Externalities…

Warning: Undefined variable $show_date_time in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/themes/econ-ed-link/modules/card-post/card-post.php on line 130
60 mins
Lesson

Grades 9-12

What is the Most Ethical Way to Fund Public Schools?

Students analyze documents, create a school-funding graphic organizer, and write an email to their state representative with their plan to...
Key Concepts: Decision Making/Cost-Benefit Analysis, Opportunity Cost, Role of Government

Warning: Undefined variable $show_date_time in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/themes/econ-ed-link/modules/card-post/card-post.php on line 130
90 mins
Lesson

Grades 9-12

Can You Allocate Ethically?

In Lesson #4 from the Ethics, Economics, and Social Issues curriculum, students work in groups to analyze allocation methods, apply...
Key Concepts: Allocation, Decision Making, Incentives…

Warning: Undefined variable $show_date_time in /var/www/vhosts/staging.econedlink.org/httpdocs/wp-content/themes/econ-ed-link/modules/card-post/card-post.php on line 130
45 mins
Lesson