Inquiry: Why Does Scarcity Force Individuals and Governments to Choose?

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Select evidence showing how limited resources and unlimited wants require tough economic choices.

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Foundations of Economics and Market Dynamics

4th Grade · Social-studies · US-WI-SS

7 lessons

Goal

Investigate fundamental economic principles including scarcity, opportunity cost, productive resources, supply and demand, and financial institutions.

7 lessons

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Inquiry: How Do Supply and Demand Interact to Set Market Prices?Not started yet
Inquiry: Why Do Market Shortages Occur After Natural Disasters?Not started yet
Inquiry: How Does Competition Between Sellers Benefit Consumers?Not started yet
Inquiry: How Do Financial Institutions and Banks Help Savers and Borrowers?Not started yet

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Learning standards covered

SS.Inq3.b.eWisconsin Social Studies Standards · 4th Grade

Determine which evidence in teacher-provided sources support a claim that answers a compelling question.

SS.Inq3.b.iWisconsin Social Studies Standards · 4th Grade

Select appropriate evidence from sources to support a claim.

Inq3.cWisconsin Social Studies Standards · 4th Grade

Elaborate how evidence supports a claim