Indiana Academic Education Standards. Understanding of how the United States and other societies develop economic systems and associated institutions to allocate scarce resources, how major decision-making units function in the United States and other national economies, and how an economy solves the scarcity problem through market and nonmarket mechanisms.
Worksheet/Answer keyEconomics Worksheet/Answer keyEconomics Worksheet/Answer keyEconomics
The resources above correspond to the standards listed below:
Indiana Academic Standards
IN.5. The United States—The Founding of the Republic
5.4. Economics: Students describe the productive resources and market relationships that influence the way people produce goods and services and earn a living in the United States in different historical periods. Students consider the importance of economic decision making and how people make economic choices that influence their future.
5.4.7. Predict the effect of changes in supply and demand on price.
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