Georgia, My State: Economic Understandings (Second Grade GSE)

Merchant Ship—Scarlet

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SS2E1

Explain that because of scarcity, people must make choices that result in opportunity costs.

SS2E2

Identify some ways in which goods and services are allocated (such as: price, majority rule, contests, force, sharing, lottery, authority, first-come-first-served, and personal characteristics).

SS2E3

Explain that people usually use money to obtain the goods and services they want and explain how money makes trade easier than barter.

SS2E4

Describe the costs and benefits of personal saving and spending choices.
 
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"Georgia, My State: Economic Understandings (Second Grade GSE)." New Georgia Encyclopedia. 13 June 2017. Web. 04 July 2020.
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