Pennsylvania Core and Academic Standards
6.1.8. Scarcity and Choice
Scarcity and Choice
6.1.8.A. Explain how limited resources and unlimited wants cause scarcity.
6.1.8.B.1. Compare decisions made because of limited resources and unlimited wants.
6.1.8.B.2. Analyze the resources that are combined to create goods and services.
6.1.8.C. Compare choices to determine the best action.
Incentives and Choice
6.1.8.D. Compare the effect of incentives on personal decisions.
6.2.8. Markets and Economic Systems
Private Economic Institutions
6.2.8.F. Analyze the functions of private economic institutions in the national economy.
6.3.8. Functions of Government
6.3.8.C. Compare and contrast the effects of different taxation policies.
6.4.8. Economic Interdependence
6.4.8.A. Explain how specialization contributes to economic interdependence on a national level.
Factors Contributing to Economic Interdependence
6.4.8.D. Explain how the level of transportation, communication networks, and technology affect economic interdependence.
6.5.8. Income, Profit, and Wealth
Types of Businesses
6.5.8.C. Explain the organization of different types of businesses.
Profits and Losses
6.5.8.D. Compare the risks and rewards of specific business actions.
6.5.8.F. Explain the role of entrepreneurship across the nation.
Costs and Benefits of Saving
6.5.8.G. Identify the costs and benefits of various financial tools available to savers.
PA.CC.8.5.6-8. Reading Informational Text: Students read, understand, and respond to informational text – with emphasis on comprehension, making connections among ideas and between texts with focus on textual evidence.
Craft and Structure
CC.8.5.6-8.D. Determine the meaning of words and phrases as they are used in a text, including vocabulary specific to domains related to history/social studies.
CC.8.5.6-8.E. Describe how a text presents information (e.g., sequentially, comparatively, causally).
Range and Level of Complex Texts
CC.8.5.6-8.J. By the end of grade 8, read and comprehend history/social studies texts in the grades 6–8 text complexity band independently and proficiently.