ME.A. Applications of Social Studies Processes, Knowledge, and Skills: Students apply critical thinking, a research process, and discipline-based processes and knowledge from civics/government, economics, geography, and history in authentic contexts.
A.1. Researching and Developing Positions on Current Social Studies Issues: Students identify and answer research questions related to social studies, by locating and selecting information and presenting findings.
A.1.c. Locate and access information by using text features.
ME.C. Economics: Students draw on concepts and processes from economics to understand issues of personal finance and issues of production, distribution, and consumption in the community, Maine, the United States, and world.
C.1. Economic Knowledge, Concepts, Themes, and Patterns: Students understand personal economics and the basis of the economies of the community, Maine, the United States, and various regions of the world.
C.1.a. Explain that economics includes the study of scarcity which leads to economic choices about what goods and services will be produced, how they will be distributed, and for whom they will be produced.
C.1.b. Explain how entrepreneurs and other producers of goods and services help satisfy the wants and needs of consumers in a market economy, locally and nationally, by using natural, human, and capital resources.
C.2. Individual, Cultural, International, and Global Connections in Economics: Students understand economic aspects of unity and diversity in the community, Maine, and regions of the United States and the world, including Maine Native American communities.
C.2.a. Describe economic similarities and differences within the community, Maine, and the United States.