MT.5. Students make informed decisions based on an understanding of the economic principles of production, distribution, exchange, and consumption.
5.1. Students will give examples of needs and wants; scarcity and choice (e.g., budgeting of allowance, trading cards).
5.4. Students will describe how personal economic decisions, (e.g., deciding what to buy, what to recycle, how much to contribute to people in need) affect the lives of people in Montana, United States, and the world.
5.5. Students will explain the roles of money, banking, and savings in everyday life.