The First Step in Developing a Lesson Plan Is To____

question 83

Multiple Choice

The first step in developing a lesson plan is to____.

• A)develop and fine-tune your materials
• B)schedule a time, day, and location
• C) identify key concepts and questions
• D) know your target audience, the setting, and the content

Understand the concept of efficiency and its significance in economics.

Recognize the relationship between efficiency and equity, including the trade-offs involved.

Identify how prices serve as economic signals in markets.

Understand the concept of total surplus and its components: consumer surplus and producer surplus.

---

Definitions:

Serial Entrepreneurs

Entrepreneurs who repeatedly start new businesses and ventures, moving from one interest or opportunity to another over time.

Classic Entrepreneurs

are individuals who start a business motivated by the opportunity to create new products or services, typically taking significant risks in the hope of financial gains.

Social Entrepreneurs

Individuals who use business techniques to create and implement solutions to social, cultural, or environmental issues.

Business Opportunities

Situations or ventures that present possibilities for commercial success.