Social Studies Worksheets and Study Guides Fifth Grade. Economics

The resources above correspond to the standards listed below:

Rhode Island World-Class Standards

RI.C&G. Civics & Government
C&G 5. As members of an interconnected world community, the choices we make impact others locally, nationally, and globally.
C&G 5 (5-6)-1. Students demonstrate an understanding of the many ways Earth’s people are interconnected by…
C&G 5 (5-6)-1.a. Identifying, describing, and explaining how people are socially, technologically, geographically, economically, or culturally connected to others.
RI.E. Economics
E 1. Individuals and societies make choices to address the challenges and opportunities of scarcity and abundance.
E 1 (5-6)-1. Students demonstrate an understanding of basic economic concepts by…
E 1 (5-6)-1.a. Differentiating between human, natural, capital, man-made, and renewable vs. finite resources.
E 1 (5-6)-1.c. Identifying and differentiating between surplus, subsistence, and scarcity.
E 1 (5-6)-3. Students demonstrate an understanding that societies develop different ways to deal with scarcity and abundance by…
E 1 (5-6)-3.b. Identifying how scarcity impacts the movement of people and goods.
E 2. Producers and consumers locally, nationally, and internationally engage in the exchange of goods and services.
E 2 (5-6)-1. Students demonstrate an understanding of the variety of ways producers and consumers exchange goods and services by…
E 2 (5-6)-1.b. Identifying and explaining how supply, demand, and incentives affect consumer and producer decision making (e.g., division of labor/specialization).
E 3. Individuals, institutions and governments have roles in economic systems.
E 3 (5-6)-1. Students demonstrate an understanding of the interdependence created by economic decisions by…
E 3 (5-6)-1.a. Depicting the cyclical relationship of the participants within an economy (e.g., barter, feudal system, global economy).
E 3 (5-6)-2. Students demonstrate an understanding of the role of government in a global economy by…
E 3 (5-6)-2.a. Identifying how governments provide goods and services in a market economy by taxing and borrowing.