Scarcity and Economic Reasoning
Standard detail
5E6C281D78E341459FDDCCB778571C1F
Depth 0Standard set: Economics: Grades 9, 10, 11, 12
Original statement
Quick facts
- Statement code
- 5E6C281D78E341459FDDCCB778571C1F
- Standard ID
- 5E6C281D78E341459FDDCCB778571C1F
- ASN identifier
- S2579934
- Subject
- Social Studies (2013-2017)
- Grades
- 09, 10, 11, 12
- Source document
- Economics (2013)
- License
- CC BY 3.0 US
- Dataset notes
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.