D. Economics: 1. The student understands how scarcity requires individuals and institutions to make choices about how to use resources.: PreK-2: The student...
SS.D.1.1.1 Add Website - Add Activity
understands how scarcity affects the choices people make in everyday situations.
SS.D.1.1.2 Add Website - Add Activity
knows the differences among human resources, natural resources, and capital resources and how these resources are used to produce goods and services.
SS.D.1.1.3 Add Website - Add Activity
knows the difference between goods and services and between consumers and producers.
SS.D.1.1.4 Add Website - Add Activity
understands that when consumers (e.g., individuals, households, businesses, governments, or societies) make economic choices, they must consider the costs incurred and the benefits received.