History: 3.5 Students demonstrate basic economic reasoning skills and an understanding of the economy of the local region.
3. Understand that individual economic choices involve trade-offs and the evaluation of benefits and costs.
What is money?
Why do we need it?
|Need||Want||Needs vs. Wants
|*comfort: car, nice clothes, own a home, etc..
new car, brand/expensive clothes, mansion
Local made (United States of America, because that is where we live)
Some of the major crops grown in America:
Foreign made (somewhere outside of local place, in our case outside of U.S.A) products