My Location: VA
Basic Economic Concepts4th Grade |
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Georgia Standards of Excellence (GSE): SS4E1.a |
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Describe opportunity cost and its relationship to decision-making across time (e.g., decisions to settle in the west). |
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Georgia Standards of Excellence (GSE): SS4E1.b |
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Explain how price incentives affect people’s behavior and choices: decisions about what crops (e.g., cotton, and tobacco) to grow and products (e.g., textiles) to produce. |
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Georgia Standards of Excellence (GSE): SS4E1.c |
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Describe how specialization improves standards of living (e.g., differences in the economies in the North and South). |
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Georgia Standards of Excellence (GSE): SS4E1.d |
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Explain how voluntary exchange helps both buyers and sellers (e.g., Gold Rush mining towns). |
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Georgia Standards of Excellence (GSE): SS4E1.e |
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Describe how trade promotes economic activity (e.g., trade between the U.S. and Europe). |
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Georgia Standards of Excellence (GSE): SS4E1.f |
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Give examples of technological advancements and their impact on business productivity during the development of the United States (e.g., cotton gin, steamboat, steam locomotive, and telegraph). |
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