Resources for Standard 3
Completion requirements
SST-05.3 Economic Concepts
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- SST-05.3.01 Describe how various non-economic factors (e.g., culture, values, interests) can influence economic behaviors and decision making
- SST-05.3.02 Explain the relationships between scarcity and resources (e.g., home building materials, food, clothing, hunting)
- SST-05.3.03 Describe the concept of competition and its relationship to price (e.g., market based economy)
- SST-05.3.04 Describe the basic concepts of imports, exports, and international trade
Introduction
Content
SST-05.3 Economic Concepts
-
- SST-05.3.01 Describe how various non-economic factors (e.g., culture, values, interests) can influence economic behaviors and decision making
- SST-05.3.02 Explain the relationships between scarcity and resources (e.g., home building materials, food, clothing, hunting)
- SST-05.3.03 Describe the concept of competition and its relationship to price (e.g., market based economy)
- SST-05.3.04 Describe the basic concepts of imports, exports, and international trade