Social Studies Worksheets and Study Guides Fifth Grade. Economics

The resources above correspond to the standards listed below:

Arkansas Standards

AR.E. Economics
E.7. Choices: Students shall analyze the costs and benefits of making economic choices.
E.7.5.1. Costs and Benefits: Identify the basic economic wants and needs of all people.
E.7.5.3. Costs and Benefits: Identify the causes of scarcity and why scarcity of resources makes it necessary to make choices.
E.7.5.7. Costs and Benefits: Identify examples of traditional, market, and command economies.
E.7.5.9. Costs and Benefits: Identify the characteristics of a free enterprise system.
E.9. Markets: Students shall analyze the exchange of goods and services and the roles of governments, businesses, and individuals in the market place.
E.9.5.10. Goods and Services: Identify how changes in supply and demand affect prices.
AR.G. Geography
G.3. Interaction of People and the Environment: Students shall develop an understanding of the interactions between people and their environment.
G.3.5.4. Movement: Recognize the concepts of interstate, intrastate, infrastructure, and globalization.