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List of Benchmarks for Economics 
 Standard 1.Understands that scarcity of productive resources requires choices that generate opportunity costs
Topics1. Goods and services; 2. Scarcity and choice
   Level I (Grade K-2)
  Benchmark 2.Understands that since people cannot have everything they want, they must make choices about using goods and services to satisfy wants
   Vocabulary terms
A.  choice about goods
B.  choice about services
C.  people’s wants
  Knowledge/skill statements
  1. Understands that people cannot have everything they want   
  2. Knows that people must make choices about goods   
  3. Knows that people must make choices about services   
  4. Knows that people must make choices about satisfying wants   

Citation Log: BD(NE,2;​BE,12;​CE,3;​EE,78;​JE,15;​SE,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