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List of Benchmarks for Economics 
 Standard 1.Understands that scarcity of productive resources requires choices that generate opportunity costs
Topics1. Productivity; 2. Goods and services
   Level II (Grade 3-5)
  Benchmark 10.Understands how labor productivity can be increased as a result of specialization, division of labor, and more capital goods such as tools and machines
   Vocabulary terms
A.  labor productivity
B.  specialization
C.  division of labor
D.  capital goods
  Knowledge/skill statements
  1. Understands that specialization can increase labor productivity   
  2. Understands that the division of labor can increase labor productivity   
  3. Understands that more capital goods can increase labor productivity   
  4. Knows that tools and machines are examples of capital goods   

Citation Log: BD(NE,13,34;​CE,4;​EE,92;​JE,18;​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