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Field Trips > SW Region
Adena State Memorial > Social Studies Content Standards > Economics > Scarcity and Resource Allocation

Scarcity and Resource Allocation
Benchmark
Explain how scarce resources require people to make choices in meeting their needs and satisfying their wants.

Grade level indicators
1st Explain that wants are unlimited and resources are scarce thereby forcing individuals to make choices
2nd Explain that all resources have alternative uses
Suggested educational programming- River Trade game and activities, general store in Visitor Center

Benchmark
Explain the opportunity and cost involved in the allocation of scarce resources

Grade level indicators
4th Identify the resources needed to produce a good or service
4th Explain how the availability of resources in Ohio promotes specialization in the production of goods and services and leads to trade
5th Explain different ways to distribute scarce goods and services such as prices. Suggested educational programming- River Trade game and activities, General Store in Center

Benchmark
Explain how the unequal distribution of human and natural resources affects economic decisions and global interaction.

Grade level indicators
7th Explain how changing methods of production and a country's endowment of resources affect how it answers the fundamental economic question of what to produce, how to produce and for whom to produce goods.
Suggested educational programming- River Trade game and activities.

The Social Studies Content Standards are fullfilled with the following at Adena:


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