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Skills available for Arizona seventh-grade social studies standards

Standards are in black and IXL social studies skills are in dark green. Hold your mouse over the name of a skill to view a sample question. Click on the name of a skill to practice that skill.

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5 Economics

  • 1 Foundations of Economics

  • 2 Microeconomics

    • PO 1 Identify the functions and relationships among various institutions (e.g., business firms, banks, government agencies, labor unions, corporations) that make up an economic system.

    • PO 2 Describe how (private) investment in human capital such as health (e.g. immunizations), education (e.g., college), and training of people (e.g., on the job experience), leads to economic growth.

    • PO 3 Describe how investment in physical capital (e.g., factories, machinery, new technology) leads to economic growth.

    • PO 4 Describe the role of entrepreneurs (e.g., Carnegie, Ford, Rockefeller, J. P. Morgan, Vanderbilt) in the free enterprise system.

    • PO 5 Describe the function of private business in producing goods and services.

    • PO 6 Describe how the interaction between buyers and sellers determines market prices.

    • PO 7 Explain how the (unequal) distribution of income affects public policy and standards of living.

    • PO 8 Describe the government's investment in human capital:

      • a health

      • b education

      • c training of people

    • PO 9 Describe the government's investment in physical capital (e.g., NASA, transportation).

    • PO 10 Describe the government's role in economic recovery for the individual (e.g., farm subsidy, securities, Social Security, exchange regulations).

  • 3 Macroeconomics

    • PO 1 Describe the effects of inflation (e.g., higher prices, rising interest rates, less business activity) on society.

    • PO 2 Analyze the effects (e.g., inflation, unemployment) of the Great Depression.

    • PO 3 Analyze the government's role (e.g., FDIC, Securities and Exchange Commission) in national economic recovery.

    • PO 4 Describe how scarcity influences the choices (e.g., war time rationing, women in the work force, reallocation of resources) made by governments and businesses.

  • 4 Global Economics

    • PO 1 Explain how voluntary exchange benefits buyers and sellers.

    • PO 2 Identify the patterns of economic interaction (e.g., national debt, balance of trade) between countries.

  • 5 Personal Finance

    • PO 1 Describe how scarcity influenced the historical times studied.

    • PO 2 Describe how scarcity influences personal financial choices (e.g., buying on-margin, budgeting, saving, investing, credit).

    • PO 3 Describe how income for most people is determined by the value of the goods and services they sell.

    • PO 4 Describe types of personal investments (e.g., saving accounts, stocks, bonds).