EconEdLink

National
Standards in Economics

Below are the National Standards in Economics that most closely relate to the following interactive tool.


INTERACTIVE

Gen i Revolution - Mission 4: Budgeting ~ http://www.econedlink.org/i105

Grades: 6-8, 9-12


STANDARDS

Name: Scarcity

Standard: 1

  • Students will understand that: Productive resources are limited. Therefore, people cannot have all the goods and services they want; as a result, they must choose some things and give up others.
  • Students will be able to use this knowledge to: Identify what they gain and what they give up when they make choices.