Standards for The Write Stuff

Name: Allocation

Standard: 3

• Students will understand that: Different methods can be used to allocate goods and services. People acting individually or collectively must choose which methods to use to allocate different kinds of goods and services.
• Students will be able to use this knowledge to: Evaluate different methods of allocating goods and services, by comparing the benefits to the costs of each method.

Name: Specialization

Standard: 6

• Students will understand that: When individuals, regions, and nations specialize in what they can produce at the lowest cost and then trade with others, both production and consumption increase.
• Students will be able to use this knowledge to: Explain how they can benefit themselves and others by developing special skills and strengths.