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      Standards

      Economics
      Applying Disciplinary Concepts & Tools
      College, Career, and Civic Life (C3) Framework for Social Studies State Standards

      Economic Decision Making

      • D2.Eco.1.K-2
        Explain how scarcity necessitates decision making.
      • D2.Eco.2.K-2
        Identify the benefits and costs of making various personal decisions.
      • D2.Eco.1.3-5
        Compare the benefits and costs of individual choices.
      • D2.Eco.2.3-5
        Identify positive and negative incentives that influence the decisions people make.
      • D2.Eco.1.6-8
        Explain how economic decisions affect the well-being of individuals, businesses, and society.
      • D2.Eco.2.6-8
        Evaluate alternative approaches or solutions to current economic issues in terms of benefits and costs for different groups and society as a whole.
      • D2.Eco.1.9-12
        Analyze how incentives influence choices that may result in policies with a range of costs and benefits for different groups.
      • D2.Eco.2.9-12
        Use marginal benefits and marginal costs to construct an argument for or against an approach or solution to an economic issue.
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