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Economics
- Standard Area - 6.1: Scarcity and Choice
- Grade Level - 6.1.PK: GRADE PreKindergarten
- Standard Area - 6.1: Scarcity and Choice
- Grade Level - 6.1.K: GRADE K
- Standard Area - 6.1: Scarcity and Choice
- Grade Level - 6.1.1: GRADE 1
Identify scarcity of resources within the family.
- Standard Area - 6.1: Scarcity and Choice
- Grade Level - 6.1.2: GRADE 2
- Standard Area - 6.1: Scarcity and Choice
- Grade Level - 6.1.3: GRADE 3
Define scarcity and identify examples of resources, wants, and needs.
Identify needs and wants of people.
Identify examples of natural, human, and capital resources.
- Standard Area - 6.1: Scarcity and Choice
- Grade Level - 6.1.4: GRADE 4
Identify scarcity of resources in a local community.
Recognize the difference between basic needs and wants.
Explain the role of producers in making goods and providing services.
Illustrate what individuals or organizations give up when making a choice.
- Standard Area - 6.1: Scarcity and Choice
- Grade Level - 6.1.5: GRADE 5
Explain how limited resources and unlimited wants cause scarcity.
Explain ways in which people meet their basic needs and wants.
Demonstrate the use of human and capital resources in the production of a specific good.
Explain how people’s choices have different economic consequences.
Demonstrate how availability of resources affects choices.
- Standard Area - 6.1: Scarcity and Choice
- Grade Level - 6.1.6: GRADE 6
Explain how limited resources and unlimited wants cause scarcity.
Compare ways that people meet their needs with how they meet their wants.
Describe how resources are combined to produce different goods and services
Define opportunity cost and describe the opportunity cost of personal choice.
Identify incentives that affect personal choices.
- Standard Area - 6.1: Scarcity and Choice
- Grade Level - 6.1.7: GRADE 7
Explain how limited resources and unlimited wants cause scarcity.
Compare decisions made because of limited resources and unlimited wants.
Describe how resources are combined to produce different goods and services.
Define opportunity cost and describe the opportunity cost of personal choice.
Explain how positive and negative incentives affect behavior.
- Standard Area - 6.1: Scarcity and Choice
- Grade Level - 6.1.8: GRADE 8
Explain how limited resources and unlimited wants cause scarcity.
Compare decisions made because of limited resources and unlimited wants.
Analyze the resources that are combined to create goods and services.
Compare the effect of incentives on personal decisions.
- Standard Area - 6.1: Scarcity and Choice
- Grade Level - 6.1.9: GRADE 9
Analyze how choices are made because of scarcity.
Identify the origin of resources and analyze the impact on the production of goods and services.
Analyze how unlimited wants and limited resources affect decision making.
Explain the opportunity cost associated with government policies.
Explain how incentives cause people to change their behavior in predictable ways.
- Standard Area - 6.1: Scarcity and Choice
- Grade Level - 6.1.12: GRADE 12
Predict the long-term consequences of decisions made because of scarcity.
Evaluate the economic reasoning behind a choice.
Evaluate effective allocation of resources for the production of goods and services.
Analyze the opportunity cost of decisions made by individuals, businesses, communities, and nations.
Predict how changes in incentives may affect the choices made by individuals, businesses, communities, and nations.
- Standard Area - 6.1: Scarcity and Choice
- Course - 6.1.C: CIVICS & GOVERNMENT
Predict the long-term consequences of decisions made because of scarcity.
Explain the opportunity cost associated with government policies.
- Standard Area - 6.1: Scarcity and Choice
- Course - 6.1.U: US HISTORY 1850-PRESENT
Analyze how choices are made because of scarcity.
Analyze how conflict and cooperation among groups and organizations have impaced the control of limited resources in the United States.
Analyze the opportunity cost of decisions made by individuals, businesses, communities, and nations.
- Standard Area - 6.1: Scarcity and Choice
- Course - 6.1.W: WORLD HISTORY 1450-PRESENT
Analyze how conflict and cooperation among groups and organizations have impaced the control of limited resources in the world.
Analyze the opportunity cost of decisions made by individuals, businesses, communities, and nations.