b identifying the types of resources available and the corresponding goods and services produced in real-world and historical context (e.g., Rhode Island today or in different historical periods: RI colony boatbuilding and agricultural production were primary, late 1800's industrial products were primary).
c explaining how positive and negative incentives influence behavior and choices (e.g., costs vs. benefits received).
c explaining how market forces determine the amount of income for most people (e.g., people with rare skills can charge more).
E 2 (3-4)-2 Students analyze how Innovations and technology affects the exchange of goods and services by
a explaining how innovations and technology can have positive or negative effects on how people produce or exchange goods and services.
E 3 Individuals, institutions and governments have roles in economic systems.
E 3 (3-4)-1 Students demonstrate an understanding of the interdependence created by economic decisions by
a comparing how individuals, institutions, and governments interact within an economy (e.g. entrepreneurs start new businesses; individuals save money in banks, government redistributes money through taxing and spending).