Performance Indicator - SS.I.4.1A:
Students explain how societies and nations attempt to satisfy their basic needs and wants by utilizing scarce capital, natural, and human resources.

Performance Indicator - SS.I.4.1B:
Students define basic economic concepts such as scarcity, supply and demand, markets, opportunity costs, resources, productivity, economic growth, and systems.

Performance Indicator - SS.I.4.1C:
Students understand how scarcity requires people and nations to make choices which involve costs and future considerations.

Performance Indicator - SS.I.4.1D:
Students understand how people in the United States and throughout the world are both producers and consumers of goods and service.

Performance Indicator - SS.I.4.1E:
Students investigate how people in the United States and throughout the world answer the three fundamental economic questions and solve basic economic problems.

Performance Indicator - SS.I.4.1F:
Students describe how traditional, command, market, and mixed economies answer the three fundamental economic questions.

Performance Indicator - SS.I.4.1G:
Students explain how nations throughout the world have joined with one another to promote economic development and growth.

Performance Indicator - SS.I.4.2A:
Students identify and collect economic information from standard reference works, newspapers, periodicals, computer databases, textbooks, and other primary and secondary sources.

Performance Indicator - SS.I.4.2B:
Students organize and classify economic information by distinguishing relevant from irrelevant information, placing ideas in chronological order, and selecting appropriate labels for data.

Performance Indicator - SS.I.4.2C:
Students evaluate economic data by differentiating fact from opinion and identifying frames of reference.

Performance Indicator - SS.I.4.2D:
Students develop conclusions about economic issues and problems by creating broad statements which summarize findings and solutions.

Performance Indicator - SS.I.4.2E:
Students present economic information by using media and other appropriate visuals such as tables, charts, and graphs to communicate ideas and conclusions.