<standards name='HI'><title>Hawaii Standards in Economics and Personal Finance</title><content><![CDATA[<font color='#333333'><p>These standards are current as of <b>2010</b>. No Internet connection was detected. When you have an Internet connection, the application will automatically look for updated standards for your state.</p><br><p>Visit the <a href='asfunction:gotoWebPage,http://ve.councilforeconed.org/library/state-standards.php?state=hi'>web site</a> to learn more.</p><p>----------------------------------------------------------------</p><p class='contentarea'>Content Area: Social Studies</p><p>----------------------------------------------------------------</p><p class='contentarea'>Standard: Standard 8</p><p>----------------------------------------------------------------</p><p class='contentarea'>Kindergarten</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.K.8.1</textformat></li><li><textformat leftmargin='30'>Limited Resources and Choice</textformat></li><li><textformat leftmargin='45'>Explain people's basic needs and how they fulfill them</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144257|true|false|false|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Kindergarten</p><br><li>Economics : RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.K.8.2</textformat></li><li><textformat leftmargin='30'>Role and Function of Markets</textformat></li><li><textformat leftmargin='45'>Differentiate buyers (e.g., a parent or caregiver) and sellers (e.g., a storeowner or other producer)</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144258|true|false|false|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>First Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.1.8.1</textformat></li><li><textformat leftmargin='30'>Limited Resources and Choice</textformat></li><li><textformat leftmargin='45'>Compare needs and wants</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144259|true|false|false|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>First Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.1.8.2</textformat></li><li><textformat leftmargin='30'>Economic Interdependence</textformat></li><li><textformat leftmargin='45'>Explain how people trade or use money to obtain goods and services</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144260|true|false|false|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>First Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.1.8.3</textformat></li><li><textformat leftmargin='30'>Role and Function of Markets</textformat></li><li><textformat leftmargin='45'>Define various goods (things that people need or want) and services (jobs people perform that satisfy people's needs or wants)</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144261|true|false|false|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Second Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.2.8.1</textformat></li><li><textformat leftmargin='30'>Limited Resources and Choice</textformat></li><li><textformat leftmargin='45'>Explain scarcity and its effects on daily life</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144262|true|false|false|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Second Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.2.8.2</textformat></li><li><textformat leftmargin='30'>Limited Resources and Choice</textformat></li><li><textformat leftmargin='45'>Categorize resources as natural, capital, or human</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144263|true|false|false|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Second Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.2.8.3</textformat></li><li><textformat leftmargin='30'>Economic Interdependence</textformat></li><li><textformat leftmargin='45'>Explain how people benefit from trade (the exchange of goods and services)</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144264|true|false|false|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Second Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.2.8.4</textformat></li><li><textformat leftmargin='30'>Role and Function of Markets</textformat></li><li><textformat leftmargin='45'>Compare the roles of buyers and sellers and explain how they depend upon each other</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144265|true|false|false|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Second Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.2.8.5</textformat></li><li><textformat leftmargin='30'>Role of Government</textformat></li><li><textformat leftmargin='45'>Explain the responsibility of the government to provide goods and services</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144266|true|false|false|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Third Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.3.8.1</textformat></li><li><textformat leftmargin='30'>Limited Resources and Choice</textformat></li><li><textformat leftmargin='45'>Explain that opportunity cost is the best alternative given up when making a choice</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144267|false|true|false|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Third Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.3.8.2</textformat></li><li><textformat leftmargin='30'>Limited Resources and Choice</textformat></li><li><textformat leftmargin='45'>Explain that goods and resources are limited because there are not enough natural, human, and capital resources to satisfy everyone's wants</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144268|false|true|false|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Third Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.3.8.3</textformat></li><li><textformat leftmargin='30'>Economic Interdependence</textformat></li><li><textformat leftmargin='45'>Describe how money makes it easy to trade goods and services</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144269|false|true|false|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Fourth Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.4.8.1</textformat></li><li><textformat leftmargin='30'>Economic Interdependence</textformat></li><li><textformat leftmargin='45'>Describe the economic interdependence among those living in the ahupua'a.</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144270|false|true|false|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: Standard 3</p><p>----------------------------------------------------------------</p><p class='contentarea'>Fifth Grade</p><br><li>History: EARLY AMERICAN HISTORY-Understand important historical events through the Revolution</li><li><textformat leftmargin='15'>Benchmark SS.5.3.4</textformat></li><li><textformat leftmargin='30'>Colonial American Society</textformat></li><li><textformat leftmargin='45'>Describe how religion and economics influenced the settling of New England and the southern regions of British North America</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144271|false|true|false|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: Standard 8</p><p>----------------------------------------------------------------</p><p class='contentarea'>Fifth Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.5.8.1</textformat></li><li><textformat leftmargin='30'>Limited Resources and Choice</textformat></li><li><textformat leftmargin='45'>Explain the opportunity costs considered by the settlers before moving to the colonies</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144272|false|true|false|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Fifth Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.5.8.2</textformat></li><li><textformat leftmargin='30'>Role of Government</textformat></li><li><textformat leftmargin='45'>Recognize that governments raise money to pay for goods and services (i.e., taxes) and describe why the American colonists were dissatisfied with the colonial system of taxation</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144273|false|true|false|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Sixth Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.6.8.1</textformat></li><li><textformat leftmargin='30'>Limited Resources and Choice</textformat></li><li><textformat leftmargin='45'>Explain exchanges of salt, gold, and other trade over the trans-Saharan trade routes and the impact of these exchanges</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144274|false|false|true|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Sixth Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.6.8.2</textformat></li><li><textformat leftmargin='30'>Limited Resources and Choice</textformat></li><li><textformat leftmargin='45'>Describe, in terms of opportunity cost, why it was so difficult for Christopher Columbus to find financial support for his voyages</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144275|false|false|true|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Sixth Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.6.8.3</textformat></li><li><textformat leftmargin='30'>Limited Resources and Choice</textformat></li><li><textformat leftmargin='45'>Explain the impact of the exchange of products throughout the Indian Ocean basin from CE 500 to CE 1500</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144276|false|false|true|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Seventh Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>There are no benchmarks for this standard for this Grade/Course.</textformat></li><li><textformat leftmargin='30'>N/A</textformat></li><li><textformat leftmargin='45'>N/A</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144277|false|false|true|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Eighth Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.8.8.1</textformat></li><li><textformat leftmargin='30'>Limited Resources and Choice</textformat></li><li><textformat leftmargin='45'>Explain productivity in terms of output per worker, hour, machine, or unit of land, and its effects on standards of living in 18th and/or 19th century America</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144278|false|false|true|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Eighth Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.8.8.2</textformat></li><li><textformat leftmargin='30'>Role and Function of Markets</textformat></li><li><textformat leftmargin='45'>Describe the factors that influence production and consumption decisions in a market system</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144279|false|false|true|false|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Ninth Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.9PD.8.1</textformat></li><li><textformat leftmargin='30'>Economic Role of Government</textformat></li><li><textformat leftmargin='45'>Describe the economic functions of government, including providing public goods and services, maintaining competition, redistributing income, correcting for externalities, and stabilizing the economy</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144280|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Ninth Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.9PD.8.2</textformat></li><li><textformat leftmargin='30'>Economic Role of Government</textformat></li><li><textformat leftmargin='45'>Explain how people, individually and collectively, participate in the U.S. economy</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144281|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Ninth Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.9PD.8.3</textformat></li><li><textformat leftmargin='30'>United States in the World Economy</textformat></li><li><textformat leftmargin='45'>Evaluate the degree to which the United States affects and is affected by international economic policies</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144282|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Tenth Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.10.8.1</textformat></li><li><textformat leftmargin='30'>Role and Function of Markets</textformat></li><li><textformat leftmargin='45'>Explain the characteristics of the different market structures (i.e. monopoly, oligopoly, monopolistic competition, and pure competition) and their influence on product differentiation, price, barriers for entry, and market efficiency in a competitive marketplace</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144283|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Tenth Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.10.8.2</textformat></li><li><textformat leftmargin='30'>Role of Government</textformat></li><li><textformat leftmargin='45'>Describe the function and responsibilities of the Federal Reserve System in setting and carrying out the nation's monetary policy</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144284|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Tenth Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.10.8.3</textformat></li><li><textformat leftmargin='30'>Role of Government</textformat></li><li><textformat leftmargin='45'>Explain the purpose and/or role of government programs and policies, including unemployment, minimum wage, and Social Security, and their effect on the nation's economy</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144285|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Eleventh Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.11.8.1</textformat></li><li><textformat leftmargin='30'>Economic Interdependence</textformat></li><li><textformat leftmargin='45'>Explain how the exchange rate affects trade, imports, exports, and the economy of a nation</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144286|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Eleventh Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.11.8.2</textformat></li><li><textformat leftmargin='30'>Economic Interdependence</textformat></li><li><textformat leftmargin='45'>Describe the distribution of the world's resources as it affects international economic relationships</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144287|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Eleventh Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.11.8.3</textformat></li><li><textformat leftmargin='30'>Role and Function of Markets</textformat></li><li><textformat leftmargin='45'>Describe how the determinants of demand (i.e., income, substitutes, complements, number of buyers, tastes, expectations) affect the price and availability of goods and services</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144288|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Eleventh Grade</p><br><li>Economics: RESOURCES, MARKETS, AND GOVERNMENT-Understand economic concepts and the characteristics of various economic systems</li><li><textformat leftmargin='15'>Benchmark SS.11.8.4</textformat></li><li><textformat leftmargin='30'>Role and Function of Markets</textformat></li><li><textformat leftmargin='45'>Describe how the determinants of supply (i.e., price and availability of inputs, technology, government regulation, number of sellers) affect the price and availability of goods and services</textformat></li><br><textformat leftmargin='55'><p><a href='asfunction:findLessonByStandard,144289|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: Benchmark SS.12E.1.1</p><p>----------------------------------------------------------------</p><li>Opportunity Costs and Trade-offs</li><li><textformat leftmargin='15'>Understand that scarcity and choice impact economic activity of individuals, families, communities, and nations</textformat></li><li><textformat leftmargin='30'>Describe how individuals, families, communities, and/or nations use marginal costs and marginal benefits to make economic decisions</textformat></li><br><textformat leftmargin='40'><p><a href='asfunction:findLessonByStandard,146782|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: Benchmark SS.12E.1.2</p><p>----------------------------------------------------------------</p><li>Productivity</li><li><textformat leftmargin='15'>Understand that scarcity and choice impact economic activity of individuals, families, communities, and nations</textformat></li><li><textformat leftmargin='30'>Identify the factors of production (e.g., land, labor, capital) and explain how these factors influence the production of goods and services</textformat></li><br><textformat leftmargin='40'><p><a href='asfunction:findLessonByStandard,146783|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: Benchmark SS.12E.2.1</p><p>----------------------------------------------------------------</p><li>Role and Function of Markets</li><li><textformat leftmargin='15'>Understand markets and the role of supply and demand in determining price and resource allocation</textformat></li><li><textformat leftmargin='30'>Explain the laws of supply and demand and illustrate how their determinants affect the supply or demand curve (e.g., how changes in technology or price of inputs affect supply; how consumer income, tastes, and preferences affect demand)</textformat></li><br><textformat leftmargin='40'><p><a href='asfunction:findLessonByStandard,146784|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: Benchmark SS.12E.2.2</p><p>----------------------------------------------------------------</p><li>Role and Function of Markets</li><li><textformat leftmargin='15'>Understand markets and the role of supply and demand in determining price and resource allocation</textformat></li><li><textformat leftmargin='30'>Explain how money makes it easier for countries to borrow, save, invest, and compare the value of goods and services</textformat></li><br><textformat leftmargin='40'><p><a href='asfunction:findLessonByStandard,146785|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: Benchmark SS.12E.3.1</p><p>----------------------------------------------------------------</p><li>Economic Growth</li><li><textformat leftmargin='15'>Understand the sources of income and growth in a market-based economy </textformat></li><li><textformat leftmargin='30'>Describe the characteristics of an entrepreneur (e.g., how he or she accepts business risks for profit) and explain the role of entrepreneurs in a market-based economy (e.g., how they introduce new products and production methods)</textformat></li><br><textformat leftmargin='40'><p><a href='asfunction:findLessonByStandard,146786|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: Benchmark SS.12E.3.2</p><p>----------------------------------------------------------------</p><li>Economic Growth</li><li><textformat leftmargin='15'>Understand the sources of income and growth in a market-based economy</textformat></li><li><textformat leftmargin='30'>Explain how stock markets function, what influences their performance, and how they impact national economies</textformat></li><br><textformat leftmargin='40'><p><a href='asfunction:findLessonByStandard,146787|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: Benchmark SS.12E.4.1</p><p>----------------------------------------------------------------</p><li>Personal Economic Decisions</li><li><textformat leftmargin='15'>Understand how to use personal economic decision-making to maximize the net benefits of personal income</textformat></li><li><textformat leftmargin='30'>Analyze the types of personal economic decisions and choices that individuals make (e.g., determining how to budget money; establishing short- and long-term financial goals and plans related to income, saving, and spending; utilizing loans and credit cards; considering investment options)</textformat></li><br><textformat leftmargin='40'><p><a href='asfunction:findLessonByStandard,146788|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: Benchmark SS.12E.4.2</p><p>----------------------------------------------------------------</p><li>Economic Reasoning</li><li><textformat leftmargin='15'>Understand how to use personal economic decision-making to maximize the net benefits of personal income</textformat></li><li><textformat leftmargin='30'>Identify how economic reasoning is used to make to make personal decisions (e.g., purchasing a car; deciding on a college, career choices)</textformat></li><br><textformat leftmargin='40'><p><a href='asfunction:findLessonByStandard,146789|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: Benchmark SS.12E.5.1</p><p>----------------------------------------------------------------</p><li>Economic Institutions</li><li><textformat leftmargin='15'>Understand the various economic institutions of a market-based economy</textformat></li><li><textformat leftmargin='30'>Benchmark SS.12E.5.1  	Explain the significance of economic institutions (e.g., the banking system and its interaction with business firms and consumers; the function of financial and securities markets; the impact of labor unions on the American economy) in a market-based economy</textformat></li><br><textformat leftmargin='40'><p><a href='asfunction:findLessonByStandard,146790|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: Benchmark SS.12E.5.2</p><p>----------------------------------------------------------------</p><li>Competition</li><li><textformat leftmargin='15'>Understand the various economic institutions of a market-based economy</textformat></li><li><textformat leftmargin='30'>Explain the nature and role of competition in a market-based economy (e.g., the determination of market price through competition among buyers and sellers; conditions that make industries more or less competitive; the effect of domestic and international competition in a market-based economy)</textformat></li><br><textformat leftmargin='40'><p><a href='asfunction:findLessonByStandard,146791|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: Benchmark SS.12E.6.1</p><p>----------------------------------------------------------------</p><li>National Economy</li><li><textformat leftmargin='15'>Understand the national economy and economic policies</textformat></li><li><textformat leftmargin='30'>Explain various measures of economic health (e.g., the Gross Domestic Product [GDP], consumer price indexes [CPI], personal income, disposable income, rates of inflation and deflation, unemployment rates)</textformat></li><br><textformat leftmargin='40'><p><a href='asfunction:findLessonByStandard,146792|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: Benchmark SS.12E.6.2</p><p>----------------------------------------------------------------</p><li>Economic Policies</li><li><textformat leftmargin='15'>Understand the national economy and economic policies</textformat></li><li><textformat leftmargin='30'>Explain the various roles government plays in a market-based economy, including monetary policy, market regulation and oversight, and fiscal policy</textformat></li><br><textformat leftmargin='40'><p><a href='asfunction:findLessonByStandard,146793|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: Benchmark SS.12E.6.3</p><p>----------------------------------------------------------------</p><li>Revenue</li><li><textformat leftmargin='15'>Understand the national economy and economic policies</textformat></li><li><textformat leftmargin='30'>Explain major sources of government revenue (e.g., personal income and payroll taxes, sales taxes, property taxes) at the federal, state, and local level</textformat></li><br><textformat leftmargin='40'><p><a href='asfunction:findLessonByStandard,146794|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: Benchmark SS.12E.7.1</p><p>----------------------------------------------------------------</p><li>Characteristics of Global Trade</li><li><textformat leftmargin='15'>Understand the principles of global trade and economic development</textformat></li><li><textformat leftmargin='30'>Explain the characteristics of global trade (e.g., tariffs, foreign exchange market, trade agreements, balance of payments, specialization)</textformat></li><br><textformat leftmargin='40'><p><a href='asfunction:findLessonByStandard,146795|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: Benchmark SS.12E.7.2</p><p>----------------------------------------------------------------</p><li>Economic Development</li><li><textformat leftmargin='15'>Understand the principles of global trade and economic development</textformat></li><li><textformat leftmargin='30'>Explain how global trade affects a nation's economic development (e.g., increases in consumer choice, standards of living, production efficiencies)</textformat></li><br><textformat leftmargin='40'><p><a href='asfunction:findLessonByStandard,146796|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br><p class='contentarea'>Standard: Benchmark SS.12E.7.3</p><p>----------------------------------------------------------------</p><li>Economic Development</li><li><textformat leftmargin='15'>Understand the principles of global trade and economic development</textformat></li><li><textformat leftmargin='30'>Compare the advantages and disadvantages of economic systems (i.e., traditional, command, market-based) </textformat></li><br><textformat leftmargin='40'><p><a href='asfunction:findLessonByStandard,146797|false|false|false|true|||'>Find lessons that meet this standard >></a></p></textformat><br></font>]]>
</content>
<correlations>
<standard id='144257'>68272,68273,20978,68202,20980,20990,68097,68094,20914,20977,20981,68271,68203,68205,20979,68206,68200,68201,68204,68278,517,267,252,414,911,726,468,461,699,675,</standard>
<standard id='144258'>68272,20982,20929,20990,20991,20985,20984,68274,68270,68094,20989,20974,20975,20972,68275,20983,68212,68197,20986,68204,457,357,464,310,911,269,289,446,461,197,</standard>
<standard id='144259'>68202,68209,68203,68204,68206,68205,68200,68201,20915,68278,20978,68273,20979,20980,20990,20991,68094,20929,68097,68199,517,178,911,414,267,252,738,285,455,282,</standard>
<standard id='144260'>20991,68275,68274,20990,61968,68203,68202,68201,68199,20988,68210,68205,20987,67896,20985,20982,60313,68281,68095,68272,169,289,460,179,269,699,446,457,296,268,</standard>
<standard id='144261'>20982,68270,20974,20929,20972,20975,20991,20990,20989,68094,68272,20971,68207,68205,68204,68202,20969,68200,68201,68210,457,357,464,310,461,509,911,226,207,382,</standard>
<standard id='144262'>68202,20980,20978,68273,20990,68097,68094,68272,20915,68209,68204,68203,68205,68201,68200,68206,20981,20977,68278,20979,517,267,414,252,911,178,675,461,468,699,</standard>
<standard id='144263'>68198,20922,68197,68199,20923,68095,20924,68277,20929,20931,20974,68281,62630,20991,62629,62626,20990,61969,62625,68094,226,207,212,465,167,362,171,419,699,295,</standard>
<standard id='144264'>68275,68274,20929,20984,20982,20985,68272,68281,68095,20991,20990,61968,20988,20987,68096,68199,68200,68202,68201,68197,269,289,446,169,226,911,699,285,279,284,</standard>
<standard id='144265'>20991,20990,20929,20982,68272,20989,68094,68205,20974,20972,68270,20975,20984,68274,20985,68204,68207,68202,68212,68201,357,464,457,382,310,461,509,911,226,564,</standard>
<standard id='144266'>68205,68206,68212,68198,68201,68095,68094,68096,68097,68199,68093,68197,68200,67897,67889,67890,67888,62630,62629,67891,281,454,252,268,269,267,266,282,289,294,</standard>
<standard id='144267'>68167,67916,67915,67914,62346,67928,20915,67114,68170,67938,20965,20941,62316,67121,67871,67939,20943,67935,67940,67941,396,517,392,414,39,364,911,489,365,738,</standard>
<standard id='144268'>67923,67924,67928,67937,67917,67916,67871,67914,67915,67939,67935,67944,67945,62313,67941,67943,67940,62314,62627,61985,39,209,374,392,470,364,314,303,414,557,</standard>
<standard id='144269'>67124,62319,62320,61968,67939,67119,67879,67882,68171,68165,62348,67115,62318,62212,20962,68172,62209,67118,67943,67926,484,578,61,66,67,478,59,289,361,460,</standard>
<standard id='144270'>67940,67945,67915,62326,67917,67944,62327,61971,67916,68178,62347,67117,67922,67926,20960,62352,20961,20962,67876,67942,356,176,470,410,256,745,478,446,177,397,</standard>
<standard id='144271'>62326,62347,20954,62327,20942,20934,61984,20955,20938,20940,20939,61971,67917,20963,20959,20958,62324,68168,67915,20960,256,176,361,585,64,358,745,911,66,470,</standard>
<standard id='144272'>68167,67114,67915,67914,20915,67916,62346,62316,67928,20943,20941,67121,20965,20929,68177,20918,20916,68174,68170,20917,489,396,392,517,365,911,364,39,414,738,</standard>
<standard id='144273'>67915,60314,67873,67872,62322,67930,68166,67940,67945,67944,62359,62360,68178,61970,67916,67917,61971,62347,62326,20925,356,370,198,410,647,281,375,372,841,385,</standard>
<standard id='144274'>20768,68140,20765,20769,20773,61972,62646,20770,20764,60336,67883,20771,68275,20807,68272,20809,20808,65769,68274,68281,605,855,57,552,719,350,725,59,776,579,</standard>
<standard id='144275'>67915,67914,68238,67916,68273,20837,68241,68233,20838,60332,62632,68094,68097,67871,68278,68272,20763,68139,592,702,51,792,157,258,230,789,764,308,</standard>
<standard id='144276'>20765,20768,68140,20769,20773,20766,20764,20770,67883,20771,68275,60336,61972,62646,20807,20808,68281,68272,65769,68274,605,855,719,57,350,725,552,776,400,579,</standard>
<standard id='144277'>68143,20833,20767,20836,60338,60335,20766,60333,61971,65769,20839,67917,20837,60332,20847,20843,20835,67915,68281,322,702,552,789,719,259,686,356,403,345,</standard>
<standard id='144278'>68237,68142,60333,60338,68276,67917,67876,60315,68277,68236,68095,62637,68281,20805,20835,20800,20807,68139,20806,15853,676,692,702,668,263,153,75,203,664,380,</standard>
<standard id='144279'>67915,67917,68094,68280,68242,67916,68279,67880,20802,65763,68281,20803,67914,20805,68143,68272,68096,67882,276,394,664,692,762,259,328,747,961,553,</standard>
<standard id='144280'>60261,68030,17818,68037,68031,60258,62483,60257,15426,68111,68033,68035,68036,17820,67858,20827,60316,459,582,273,773,759,189,526,663,529,628,</standard>
<standard id='144281'>56529,56530,67669,67738,62480,62584,17813,17809,67749,67764,17837,68142,60315,62479,67740,60254,67747,719,773,725,994,130,153,692,283,1011,651,</standard>
<standard id='144282'>62478,68140,62455,67638,67640,67730,67647,60261,65601,67646,63117,67644,15422,15434,67636,68040,65600,61972,67645,65596,350,855,163,725,342,719,794,776,629,50,</standard>
<standard id='144283'>67851,68035,17816,17814,67741,65603,62135,60255,62145,67645,67854,15425,67853,68030,63112,20822,67761,20823,535,505,21,759,371,694,60,154,201,773,</standard>
<standard id='144284'>68107,15432,68111,60260,17828,68108,67762,67756,63118,17810,17831,65720,65691,62602,36,990,698,1012,29,459,700,995,352,348,</standard>
<standard id='144285'>68031,68030,67669,60258,68037,67757,17818,60257,60261,17820,60318,15426,62483,60316,17823,68027,459,632,773,542,759,189,273,582,748,663,</standard>
<standard id='144286'>62455,67647,15435,65601,65599,65598,67730,67638,65600,67645,68140,68040,67640,17827,62476,61972,17836,17839,342,629,299,798,50,126,725,140,855,135,</standard>
<standard id='144287'>67638,68140,67730,62473,67647,62476,62478,67640,67637,68040,61972,17827,67645,65601,62455,62479,65600,65589,65590,65591,725,350,855,163,342,50,794,719,776,75,</standard>
<standard id='144288'>68058,17806,17804,60251,67755,67855,20817,17807,15428,67737,17802,17805,17811,17801,67748,62141,46,551,259,508,201,553,758,615,132,317,</standard>
<standard id='144289'>68058,67855,20817,17807,15428,60251,17804,67755,67668,17803,67737,17801,62141,67748,68109,20816,46,259,758,508,615,553,201,317,132,47,</standard>
<standard id='146782'>56531,56532,17795,56534,56533,67669,67670,67668,15424,67667,17818,20863,17799,20851,68289,20859,17812,17811,271,581,346,759,273,707,386,341,582,181,</standard>
<standard id='146783'>56530,68292,68142,60259,17809,20863,17813,15429,56529,62584,68139,20862,68290,56531,62177,65723,650,203,676,122,692,606,305,153,75,154,</standard>
<standard id='146784'>68058,60251,15428,17804,20817,67855,17807,67755,62141,20819,20818,68109,67737,67748,17801,46,508,132,615,201,317,553,60,758,259,</standard>
<standard id='146785'>67647,62479,15435,67742,67754,15432,56531,62455,17812,17827,62473,56533,56534,62477,56530,61972,67645,65600,67640,342,629,798,776,698,175,395,299,133,34,</standard>
<standard id='146786'>67668,67669,67747,67738,62514,17813,17814,67667,67763,17817,67752,62613,62584,67855,15424,17818,17795,17800,17809,725,727,719,341,773,75,692,676,772,346,</standard>
<standard id='146787'>68104,62454,68110,68307,62144,68297,67857,68032,371,479,505,335,333,131,253,292,771,334,</standard>
<standard id='146788'>68297,20829,68300,62144,17810,17812,68104,68306,68295,68305,63120,62451,68110,62516,62450,60254,36,388,175,84,37,847,603,570,121,346,</standard>
<standard id='146789'>17809,65740,20851,56532,56534,67667,56533,17795,67670,17818,67669,17798,67668,56531,15424,68289,15423,67746,94,386,759,463,312,341,630,121,543,158,</standard>
<standard id='146790'>60253,68110,62584,62602,65723,65690,60252,62143,60261,68042,68028,17828,67754,67747,56533,56534,68295,84,997,367,391,348,163,700,1009,691,542,</standard>
<standard id='146791'>67755,17801,60251,67855,15428,20817,17807,17804,62141,67748,67737,68058,68109,62444,20818,65686,201,60,508,317,553,758,615,259,46,47,</standard>
<standard id='146792'>68105,68034,68044,68141,68107,17832,65720,17810,68062,15432,68108,63118,60260,62616,67669,67762,998,1012,848,990,1003,994,1004,1011,1000,995,</standard>
<standard id='146793'>68111,60260,68107,67757,67756,17829,15433,68108,17828,15432,67762,68030,17830,17831,459,352,29,184,190,1012,700,319,698,990,</standard>
<standard id='146794'>68031,68111,67757,62615,68036,68027,68293,67735,67755,20827,68030,68033,67733,17820,68035,67734,68040,459,727,189,719,319,529,759,185,748,773,</standard>
<standard id='146795'>68140,67640,62478,67636,15434,15422,62455,61972,68040,67638,67641,65596,67639,67730,67647,60261,63117,67765,67646,62476,855,342,163,725,350,552,776,794,629,567,</standard>
<standard id='146796'>60261,67644,65601,15434,68140,67646,63117,67730,65596,67639,15422,67647,67637,67641,67640,67638,67636,62478,67642,67732,719,855,350,794,725,776,163,602,342,50,</standard>
<standard id='146797'>65693,17800,17818,17814,68143,17795,17809,63116,65603,65687,63114,65684,68046,63111,15423,15425,67729,62147,65686,288,795,651,532,138,322,136,535,35,552,</standard>
</correlations>
</standards>