Wisconsin Academic Standards
WI.SS.Econ. Economics (Econ)
SS.Econ2: Wisconsin students will analyze how decisions are made and interactions occur among individuals, households, and firms/businesses (Microeconomics).
Econ2.a: Consumers, Producers, and Markets
SS.Econ2.a.3-4. Compare two product markets found in the local community. Differentiate between goods and services.
Econ2.c: Firm/Business Behavior and Costs of Production
SS.Econ2.c.3. Compare the skills and knowledge required to produce certain goods and services. Provide an example of the factors of production (i.e., land, labor, capital, entrepreneurship) for a given product.
WI.SS.Geog. Geography (Geog)
SS.Geog3: Wisconsin students will examine the impacts of global interconnections and relationships.
SS.Geog3.b.4. Classify various ways that people and countries depend on one another. Summarize how transportation and communication have changed economic activities over time.