Search over 150,000+ teacher reviewed Lesson Plans
Browse Pennsylvania State Standards
Categories:: 6.2.6. Markets and the Functions of Governments
Statements:
A. Describe market transactions in terms of goods, services, consumers and producers.
B. Describe the costs and benefits of competition to consumers in markets.
C. Explain the function of money and its use in society.
D. Define economic institutions (e.g., banks, labor unions).
E. Explain how the interaction of buyers and sellers determines prices and quantities exchanged.
F. Describe how prices influence both buyers and sellers and explain why prices may vary for similar products.
G. Explain how taxes affect the price of goods and services.
H. Describe the Pennsylvania and United States governments' roles in monitoring economic activities.
I. Identify and describe public goods.
J. Explain the cost and benefits of taxation.
K. Explain how advertisements influence perceptions of the costs and benefits of economic decisions.
L. Explain what an exchange rate is.