SS.1.E.1.2

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Define opportunity costs as giving up one thing for another.

Remarks

Examples are giving up television to do homework and buying candy versus saving for later purchase.
General Information
Subject Area: Social Studies
Grade: 1
Strand: Economics
Standard: Beginning Economics
Date Adopted or Revised: 02/14
Status: State Board Approved

Related Courses

This benchmark is part of these courses.
5021030: Social Studies Grade 1 (Specifically in versions: 2014 - 2015, 2015 - 2022, 2022 - 2023, 2023 and beyond (current))
7721012: Access Social Studies - Grade 1 (Specifically in versions: 2014 - 2015, 2015 - 2018, 2018 - 2023, 2023 and beyond (current))

Related Access Points

Alternate version of this benchmark for students with significant cognitive disabilities.
SS.1.E.1.AP.2: Recognize a situation that involves making a choice such as schoolwork or play.

Related Resources

Vetted resources educators can use to teach the concepts and skills in this benchmark.

Lesson Plan

My Rights and My Responsibilities:

In this lesson, students will learn the difference between rights and responsibilities. They will explore different rights and responsibilities that they have in the school community, as well as opportunity costs when they must fulfill their responsibilities as students.

Type: Lesson Plan

Student Resources

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Parent Resources

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