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List of Benchmarks for Economics 
 Standard 1.Understands that scarcity of productive resources requires choices that generate opportunity costs
  
TopicEntrepreneurship/Innovation
   Level II (Grade 3-5)
  Benchmark 6.Understands that entrepreneurs take the risk that people won’t buy their products or won’t pay enough for them to cover the entrepreneurs’ costs
   Vocabulary terms
A.  entrepreneur
B.  entrepreneur’s risk
C.  entrepreneur’s costs
  Knowledge/skill statements
  1. Understands that entrepreneurs take the risk that people won’t buy their products   
  2. Understands that entrepreneurs take the risk that people won’t pay enough for their products to cover the entrepreneur’s costs   


Citation Log: BD(NE,31,32;​CE,3;​EE,92;​JE,16;​PE,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

Number:
Page number of the cited document