Standards:
FP.E.1.1 Compare how individuals and governments utilize scarce resources (human, natural and capital) in traditional, command, market and mixed economies.
FP.E.1.2 Analyze a market economy in terms of economic characteristics, the roles they play in decision-making and the importance of each role
FP.E.1.3 Explain how supply and demand determine equilibrium price and quantity produced
FP.E.1.4 Analyze the ways in which incentives and profits influence what is produced and distributed in a market system
FP.E.1.5 Compare how various market structures affect decisions made in a market economy
FP.E.1.6 Compare national, state and local economic activity
FP.C&G.3.1 Analyze how the rule of law establishes limits on both the governed and those who govern while holding true to the ideal of equal protection under the law
FP.C&G.3.2 Compare lawmaking processes of federal, state and local governments
FP.C&G.3.3 Analyze laws and policies in terms of their intended purposes, who has authority to create them and how they are enforced
FP.E.1.2 Analyze a market economy in terms of economic characteristics, the roles they play in decision-making and the importance of each role
FP.E.1.3 Explain how supply and demand determine equilibrium price and quantity produced
FP.E.1.4 Analyze the ways in which incentives and profits influence what is produced and distributed in a market system
FP.E.1.5 Compare how various market structures affect decisions made in a market economy
FP.E.1.6 Compare national, state and local economic activity
FP.C&G.3.1 Analyze how the rule of law establishes limits on both the governed and those who govern while holding true to the ideal of equal protection under the law
FP.C&G.3.2 Compare lawmaking processes of federal, state and local governments
FP.C&G.3.3 Analyze laws and policies in terms of their intended purposes, who has authority to create them and how they are enforced
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