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List of Benchmarks for Economics 
 Standard 1.Understands that scarcity of productive resources requires choices that generate opportunity costs
  
TopicScarcity and choice
   Level II (Grade 3-5)
  Benchmark 2.Understands that goods and services are scarce because there are not enough productive resources to satisfy all of the wants of individuals, governments, and societies
   Vocabulary terms
A.  scarce good
B.  scarce service
C.  productive resource
D.  want of individual
E.  want of government
F.  want of society
  Knowledge/skill statements
  1. Understands that sometimes goods and services are scarce   
  2. Understands that goods and services are scarce because there are not enough productive resources to satisfy all the wants of individuals   
  3. Understands that goods and services are scarce because there are not enough productive resources to satisfy all of the wants of governments   
  4. Understands that goods and services are scarce because there are not enough resources to satisfy all the wants of societies   


Citation Log: BD(NE,3;​CI,3;​EE,92;​JE,16;​PE,11;​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

Number:
Page number of the cited document