From this browse and search tool, you will find the New York State (NYS) Learning Standards statements for all seven standard areas across grades PreK - 12. The NYS Learning Standards provides the foundation for the NYS Assessments and the local core curriculum.
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Performance Indicator - SS4.I.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 - SS4.I.1B:
Students define basic economic concepts such as scarcity, supply and demand, markets, opportunity costs, resources, productivity, economic growth, and systems.
Performance Indicator - SS4.I.1C:
Students understand how scarcity requires people and nations to make choices which involve costs and future considerations.
Performance Indicator - SS4.I.1D:
Students understand how people in the United States and throughout the world are both producers and consumers of goods and service.
Performance Indicator - SS4.I.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 - SS4.I.1F:
Students describe how traditional, command, market, and mixed economies answer the three fundamental economic questions.
Performance Indicator - SS4.I.1G:
Students explain how nations throughout the world have joined with one another to promote economic development and growth.