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Standards for The Economic Way of Thinking

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National Standards in Financial Literacy

Name: Earning Income

Standard:

  • Students will understand that: Income for most people is determined by the market value of their labor, paid as wages and salaries. People can increase their income and job opportunities by choosing to acquire more education, work experience, and job skills. The decision to undertake an activity that increases income or job opportunities is affected by the expected benefits and costs of such an activity. Income also is obtained from other sources such as interest, rents, capital gains, dividends, and profits.

State Standards

Common Core State Standards

Name: Anchor Standards for Language

Standard:

Area:

Name: Anchor Standards for Writing

Standard:

Area:

Name: CCRA.R.10

Standard: College and Career Readiness Anchor Standards for Reading

Area: College and Career Readiness Anchor Standards for Reading

  • Read and comprehend complex literary and informational texts independently and proficiently.

Name: RH.11-12.2

Standard: History/Social Studies -- Grade 11-12

Area: History/Social Studies -- Grade 11-12

  • Determine the central ideas or information of a primary or secondary source; provide an accurate summary that makes clear the relationships among the key details and ideas.

Name: RH.9-10.4

Standard: History/Social Studies -- Grade 9-10

Area: History/Social Studies -- Grade 9-10

  • Determine the meaning of words and phrases as they are used in a text, including vocabulary describing political, social, or economic aspects of history/social science.