Missouri Learning Standards
MO.5.E4. Knowledge of economic concepts and principles
5.E4.A. Knowledge of basic economic concepts.
5.E4.A.a. Explain how scarcity, supply and demand, opportunity costs, income, labor, wages and other economic concepts affect our nation’s past, present and future.
5.E4.D. Factors that influence the economy.
5.E4.D.a. Explain factors, past and present, that influence changes in our nation’s economy.