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List of Benchmarks for Economics 
 Standard 1.Understands that scarcity of productive resources requires choices that generate opportunity costs
Topics1. Scarcity and choice; 2. Opportunity costs and trade-offs
   Level III (Grade 6-8)
  Benchmark 3.Understands that the evaluation of choices and opportunity costs is subjective and differs across individuals and societies
   Vocabulary terms
A.  subjective evaluation of choices
B.  subjective evaluation of opportunity costs
  Knowledge/skill statements
  1. Understands that the evaluation of choices is subjective   
  2. Understands that the evaluation of opportunity costs is subjective   
  3. Knows that individuals evaluate choices differently   
  4. Knows that societies evaluate choices differently   
  5. Knows that individuals evaluate opportunity costs differently   
  6. Knows that societies evaluate opportunity costs differently   

Citation Log: BD(NE,4;​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