My Location: OH
Economic Influence5th Grade |
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Georgia Standards of Excellence (GSE): SS5E1.a |
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Describe opportunity costs and their relationship to decision-making across time (e.g., decisions by individuals in response to rationing during WWII). |
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Georgia Standards of Excellence (GSE): SS5E1.b |
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Explain how price incentives affect people’s behavior and choices (e.g., decisions to participate in cattle trails because of increased beef prices). |
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Georgia Standards of Excellence (GSE): SS5E1.c |
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Describe how specialization can improve standards of living and productivity (e.g., how Henry Ford’s use of the assembly line reduced the price of automobiles). |
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Georgia Standards of Excellence (GSE): SS5E1.d |
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Describe how trade and voluntary exchange promotes economic activity (e.g., how the Panama Canal increases trade among countries). |
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