Social Studies

D. Economics: 1. The student understands how scarcity requires individuals and institutions to make choices about how to use resources.: 3-5: The student...

SS.D.1.2.1 Add Website - Add Activity

understands that all decisions involve opportunity costs and that making effective decisions involves considering the costs and the benefits associated with alternative choices.

Activity: Getting the Most for Your Buck

SS.D.1.2.2 Add Website - Add Activity

understands that scarcity of resources requires choices on many levels, from the individual to societal.

SS.D.1.2.3 Add Website - Add Activity

understands the basic concept of credit.

SS.D.1.2.4 Add Website - Add Activity

understands that any consumer (e.g., an individual, a household, or a government) has certain rights.

SS.D.1.2.5 Add Website - Add Activity

understands the concept of earning income and the basic concept of a budget.