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List of Benchmarks for Economics 
 Standard 1.Understands that scarcity of productive resources requires choices that generate opportunity costs
TopicGoods and services
   Level I (Grade K-2)
  Benchmark 1.Knows that goods are objects that can satisfy people's wants, and services are activities that can satisfy people's wants
   Vocabulary terms
A.  good
B.  people’s wants
C.  people’s needs
D.  service
  Knowledge/skill statements
  1. Knows that goods are made or grown by people   
  2. Knows that goods can satisfy people’s needs and wants   
  3. Knows that services are jobs that people perform   
  4. Knows that services can satisfy people’s needs and wants   

Citation Log: BD(NE,2;​CE,3;​EE,78;​JE,15;​SI,41)
Citation reference
BD = benchmark, declarative
BP = benchmark, procedural
BC = benchmark, contextual

1st letter/number of each code in parentheses:
B   International Baccalaureate: Economics
C   Colorado Economics Standards
DD   Department of Defense: Prekindergarten Social Studies Standards
E   NCEE: Framework for Economics
HS   Head Start: Child Outcomes Framework
J   JCEE: Economics, What and When
MH   McGraw-Hill: Pre-Kindergarten Standards: Guidelines for Teaching and Learning
N   NCEE: Voluntary National Content Standards in Economics
NZ   New Zealand Ministry of Education: Early Childhood Curriculum
P   NAEP: 2006 Assessment Framework in Economics for Grade 12
S   NCSS: Curriculum Standards for Social Studies
T   TEA: Texas Prekindergarten Curriculum Guidelines

2nd letter code :
E = Explicitly stated in document
I = Implicit in document

Page number of the cited document