Social Studies Worksheets and Study Guides Eighth Grade. Economics

The resources above correspond to the standards listed below:

Virginia Standards of Learning

VA.SS.USII. United States History: 1865 to the Present
The United States since World War II
USII.8. The student will apply social science skills to understand the economic, social, and political transformation of the United States and the world between the end of World War II and the present by:
USII.8.e. Evaluating and explaining the impact of international trade and globalization on American life.
VA.SS.CE. Civics and Economics
CE.1. The student will demonstrate skills for historical thinking, geographical analysis, economic decision making, and responsible citizenship by:
CE.1.f. Determining multiple cause-and-effect relationships that impact political and economic events.
CE.1.h. Using a decision-making model to analyze and explain the costs and benefits of a specific choice.
CE.4. The student will demonstrate personal character traits that facilitate thoughtful and effective participation in civic life by:
CE.4.f. Practicing thoughtful decision making.
CE.11. The student will apply social science skills to understand how economic decisions are made in the marketplace by:
CE.11.a. Explaining that because of scarcity, consumers, producers, and governments must make choices, understanding that everyone’s choice has an opportunity cost.
CE.11.b. Comparing and contrasting how traditional, free market, command, and mixed economies decide how to allocate their limited resources.
CE.12. The student will apply social science skills to understand the United States economy by:
CE.12.a. Describing the characteristics of the United States economy, including limited government, private property, profit, markets, consumer sovereignty, and competition.
CE.12.b. Describing how in a market economy supply and demand determine prices.
CE.12.c. Describing the types of business organizations and the role of entrepreneurship.
CE.12.e. Explaining how financial institutions channel funds from savers to borrowers.
CE.13. The student will apply social science skills to understand the role of government in the United States economy by:
CE.13.e. Describing how governments regulate to protect consumers, labor, the environment, competition in the marketplace, and property rights.
VA.SS.GOVT. Virginia and United States Government
GOVT.12. The student will apply social science skills to understand the role of the United States in a changing world by:
GOVT.12.c. Examining the relationship of Virginia and the United States to the global economy, including trends in international trade.
GOVT.13. The student will apply social science skills to understand how world governments and economies compare and contrast with the government and the economy in the United States by:
GOVT.13.d. Comparing and contrasting economic systems.
GOVT.15. The student will apply social science skills to understand the role of government in the Virginia and United States economies by:
GOVT.15.b. Describing government’s establishment and maintenance of the rules and institutions in which markets operate, including the establishment and enforcement of property rights, contracts, consumer rights, labor-management relations, environmental protection, and competition in the marketplace.
GOVT.15.c. Investigating and describing the types and purposes of taxation that are used by local, state, and federal governments to pay for services provided by the government.
GOVT.16. The student will apply social science skills to understand that in a democratic republic, thoughtful and effective participation in civic life is characterized by:
GOVT.16.h. Practicing personal and fiscal responsibility.

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