Indiana 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 keysEconomics Worksheet/Answer keysEconomics Worksheet/Answer keysEconomics
The resources above correspond to the standards listed below:
5.4. Students will 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.
5.4.7. Predict the effect of changes in supply and demand on price.
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