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List of Benchmarks for Economics 
 Standard 1.Understands that scarcity of productive resources requires choices that generate opportunity costs
  
TopicOpportunity costs and trade-offs
   Level IV (Grade 9-12)
  Benchmark 2.Understands that optimal levels of output (e.g., production output, output of services provided by a public program) can be determined by comparing the marginal benefits and costs of producing a little more against the marginal benefits and costs of producing a little less
   Vocabulary terms
A.  optimal level of output
B.  production output
C.  service output
D.  marginal benefit
E.  marginal cost
F.  production cost
  Knowledge/skill statements
  1. Knows that production output is a type of output that has an optimal level   
  2. Knows that output of services provided by a public program is a type of output that has an optimal level   
  3. Understands how to determine the optimal level of output  A   
  4. Knows that production output is an optimal level of output   
  5. Knows that the output of services provided by a public program is an optimal level of output   


 A  = Assessment items available

Citation Log: BD(NE,6;​PE,12;​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