Missouri 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:
MO.EC.4. Economic Concepts and Principles: Knowledge of economic concepts (including productivity and the market system) and principles (including the laws of supply and demand)
EC.4.A. Knowledge of basic economic concepts, being able to explain and use them to interpret historical and current events
EC.4.A.a. Apply the following economic concepts: scarcity (DOK 2; SS4 1.1)
EC.4.A.b. Apply the following economic concepts: supply and demand (DOK 2; SS4 1.1)
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