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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. Opportunity costs and trade-offs
   Level IV (Grade 9-12)
  Benchmark 5.Understands that technological change and investments in capital goods and human capital may increase labor productivity but have significant opportunity costs and economic risks
   Vocabulary terms
A.  technological change
B.  investment in capital goods
C.  investment in human capital
D.  economic risk
  Knowledge/skill statements
  1. Understands that technological change may increase labor productivity    
  2. Understands that investments in capital goods may increase labor productivity    
  3. Understands that investments in human capital may increase labor productivity   A   
  4. Understands that technological change may have significant opportunity costs    
  5. Understands that technological change may have significant economic risks   
  6. Understands that investments in capital goods may have significant opportunity costs    
  7. Understands that investments in capital goods may have significant economic risks   
  8. Understands that investments in human capital may have significant opportunity costs    
  9. Understands that investments in human capital may have significant economic risks   


 A  = Assessment items available

Citation Log: BD(NE,34,35;​CE,4;​EE,92,121;​JE,19;​PE,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

Number:
Page number of the cited document