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LESSON: MAILING MAY
Lesson Summary
In 1914,
May really wants to visit her grandmother. Her parents had promised
her a trip, but the train ticket costs a full day's work. So her
parents "mail" her there, and she rides through the Idaho mountains
in the Postal car of the train!
Concept: Opportunity Cost
Definition: When you make a
decision, the most valuable alternative you give up is your opportunity cost.
Comprehension Questions
Describe
the family's scarcity situation that required them to make an
economic decision. They didn't have enough money for May to ride
the train to visit her grandma.
Identify the two services in the story
that would allow May to travel to her grandmother's. Passenger
train, postal service.
Compare
the benefits and costs of each type of travel. Passenger train
benefits - comfortable ride, costs - $1.55; postal service-train
mail car benefits - $0.53; costs - not a comfortable ride; May
disguising herself as a package.
May
could go visit her grandma by passenger train or mail car. When the
decision was made for May to be "mailed," what was her
opportunity cost? Sending May to visit her grandma by the more
comfortable passenger train.
Explain
the importance of the job of May's uncle Leonard. Loaded and
sorted mail to be delivered by the train; took care of a very special
"package" - May
Other
Concepts: Economic
Wants, Goods and Services,
Trade and Money,
Scarcity, Consumers, Price |