Explain the district's budgetary dilemma (scarce resources) with the joint need to expand the district's ability to produce graduates who have skills the market values highly in the context of any one of the following:

• The relationship between budgets and opportunity costs in economic choices like this one.
• The idea of weighing costs against benefits as a standard for identifying choices that can improve our well-being.
• The limits of an Economic Perspective (rationality, purposefulness, cost-minimization) to describe how individuals, institutions, and society make optimal choices in situations like this one.