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