SS.4.FL.2.5

Explain that costs are things that a decision maker gives up; benefits are things that a decision maker gains. Make an informed decision by comparing the costs and benefits of spending alternatives.

Clarifications

Compare the costs and benefits of buying a bicycle in two settings, rural and urban, and for different people including a younger child, a teenager, and a grandparent.
General Information
Subject Area: Social Studies
Grade: 4
Strand: Financial Literacy
Date Adopted or Revised: 06/14
Status: State Board Approved

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