Social Studies Worksheets and Study Guides Fifth Grade. Economics

The resources above cover the following skills:

National Curriculum Standards for Social Studies (NCSS)
PRODUCTION, DISTRIBUTION, AND CONSUMPTION
SOCIAL STUDIES PROGRAMS SHOULD INCLUDE EXPERIENCES THAT PROVIDE FOR THE STUDY OF HOW PEOPLE ORGANIZE FOR THE PRODUCTION, DISTRIBUTION, AND CONSUMPTION OF GOODS AND SERVICES.
KNOWLEDGE - Learners will understand:
Individuals, government, and society experience scarcity because human wants and needs exceed what can be produced from available resources.
How markets bring buyers and sellers together to exchange goods and services.
How goods and services are allocated in a market economy through the influence of prices on decisions about production and consumption.
GLOBAL CONNECTIONS
SOCIAL STUDIES PROGRAMS SHOULD INCLUDE EXPERIENCES THAT PROVIDE FOR THE STUDY OF GLOBAL CONNECTIONS AND INTERDEPENDENCE.
KNOWLEDGE - Learners will understand:
Global connections have existed in the past and increased rapidly in current times.
PROCESSES - Learners will be able to:
Ask and find answers to questions about the ways in which people and societies are connected globally today and were connected in the past.
National Standards for Civics and Government (NSCG)
What are the foundations of the American political system? What are the distinctive characteristics of American society?
Distinctive characteristics of American society. Students should be able to identify and explain the importance of historical experience and geographic, social, and economic factors that have helped to shape American society. To achieve this standard, students should be able to
Explain important factors that have helped shape American society
Market economy
How does the government established by the constitution embody the purposes, values, and principles of American democracy? What does the national government do?
Financing government through taxation. Students should be able to explain the necessity of taxes and the purposes for which taxes are used. To achieve this standard, students should be able to
Explain why taxation is necessary to pay for government
Identify provisions of the United States Constitution that authorize the national government to collect taxes, i.e., Article One, Sections 7 and 8; Sixteenth Amendment
Identify major sources of revenue for the national government, e.g., individual income taxes, social insurance receipts (Social Security and Medicare), borrowing, taxes on corporations and businesses, estate and excise taxes, tariffs on foreign goods
Identify major uses of tax revenues received by the national government, e.g., direct payment to individuals (Social Security, Medicaid, Medicare, Aid to Families with Dependent Children), national defense, interest on the federal debt, interstate highways
How does the government established by the constitution embody the purposes, values, and principles of American democracy? How are state and local governments organized and what do they do?
Organization and responsibilities of state and local governments. Students should be able to describe the organization and major responsibilities of state and local governments. To achieve this standard, students should be able to
Identify major sources of revenue for state and local governments, e.g., property, sales, and income taxes; fees and licenses; taxes on corporations and businesses; borrowing
What is the relationship of the United States to other nations and to world affairs? How is the world organized politically?
Interaction among nation-states. Students should be able to explain how nation-states interact with each other. To achieve this standard, students should be able to
Describe the most important means nation-states use to interact with one another
Economic incentives and sanctions