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General Information
Number: SS.7.E.2
Title: Understand the fundamental concepts relevant to the institutions, structure, and functions of a national economy.
Type:
Standard
Subject: Social Studies
Grade: 7
Strand: Economics
Related Benchmarks
This cluster includes the following benchmarks.
Related Access Points
This cluster includes the following access points.
Independent
SS.7.E.2.In.0
Identify how federal and local taxes are used by the government.
SS.7.E.2.In.1
Identify that the banking system in the United States controls the money supply and interest rates.
SS.7.E.2.In.2
Identify that there are laws that affect the economy, such as anti-monopoly or patent laws.
SS.7.E.2.In.3
Identify people from diverse backgrounds who have created successful businesses.
SS.7.E.2.In.4
Identify an impact that financial institutions have on the national economy, such as the stock market, banks, and credit unions.
Supported
SS.7.E.2.Su.0
Recognize how taxes are used by the government.
SS.7.E.2.Su.1
Recognize that the banking system in the United States controls money.
SS.7.E.2.Su.2
Recognize that there are laws that affect the economy, such as patent laws.
SS.7.E.2.Su.3
Recognize people from diverse backgrounds who have created successful businesses.
SS.7.E.2.Su.4
Recognize that financial institutions impact the national economy, such as banks and credit unions.
Participatory
SS.7.E.2.Pa.0
Recognize that taxes pay for services.
SS.7.E.2.Pa.1
Associate banks with money.
SS.7.E.2.Pa.2
Recognize that businesses must follow rules.
SS.7.E.2.Pa.3
Recognize that people create businesses.
SS.7.E.2.Pa.4
Associate banks with money.
Related Resources
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Student Resources
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Parent Resources
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