1-800-MATHFUN

Conforms To

Voluntary National Content Standards in Economics (1997)

Standard 9: Role of Competition
Competition among sellers lowers costs and prices, and encourages producers to produce more of what consumers are willing and able to buy. Competition among buyers increases prices and allocates goods and services to those people who are willing and able to pay the most for them.

Students will be able to use this knowledge to:
Explain how changes in the level of competition in different markets can affect them.

At the completion of Grade 8, students will know that:

2. Competition among buyers of a product results in higher product prices.

Conforms To

Arts Education Content Standards and Benchmarks (1998)

3. Analyzing in Context

Content Standard 3: All students will analyze, describe and evaluate works of art.

Visual Arts

1. Generalize about the effects of visual structures and functions and reflect upon these effects in personal work.

Conforms To

Voluntary National Content Standards in Economics (1997)

Standard 14: Profit and the Entrepreneur
Entrepreneurs are people who take the risks of organizing productive resources to make goods and services. Profit is an important incentive that leads entrepreneurs to accept the risks of business failure.

Students will be able to use this knowledge to:
Identify the risks, returns, and other characteristics of entrepreneurship that bear on its attractiveness as a career.

At the completion of Grade 8, students will know the Grade 4 benchmarks for this standard and also that:

3. Entrepreneurs and other sellers earn profits when buyers purchase the product they sell at prices high enough to cover the costs of production.

Conforms To

Voluntary National Content Standards in Economics (1997)

Standard 9: Role of Competition
Competition among sellers lowers costs and prices, and encourages producers to produce more of what consumers are willing and able to buy. Competition among buyers increases prices and allocates goods and services to those people who are willing and able to pay the most for them.

Students will be able to use this knowledge to:
Explain how changes in the level of competition in different markets can affect them.

At the completion of Grade 8, students will know that:

1. Sellers compete on the basis of price, product quality, customer service, product design and variety, and advertising.

Conforms To

The National Standards for Arts Education (1994)

Visual Arts

Content Standard 1: Understanding and applying media, techniques, and processes

Achievement Standard:

Students describe how different materials, techniques, and processes cause different responses

Conforms To

NCTE-IRA Standards for the English Language Arts (1996)

4. Students adjust their use of spoken, written, and visual language (e.g., conventions, style, vocabulary) to communicate effectively with a variety of audiences and for different purposes.

Conforms To

K-12 Curriculum Framework for the Arts (2001)

Visual Arts K-12

Curriculum Standard 1: Apply appropriate media, techniques, and processes.

e. initiate, define, and solve challenging visual arts problems independently, using intellectual skills such as analysis, synthesis, and evaluation.

Conforms To

The National Standards for Arts Education (1994)

Visual Arts

Content Standard 1: Understanding and applying media, techniques, and processes

Achievement Standard:

Students use different media, techniques, and processes to communicate ideas, experiences, and stories

Conforms To

Voluntary National Content Standards in Economics (1997)

Standard 9: Role of Competition
Competition among sellers lowers costs and prices, and encourages producers to produce more of what consumers are willing and able to buy. Competition among buyers increases prices and allocates goods and services to those people who are willing and able to pay the most for them.

Students will be able to use this knowledge to:
Explain how changes in the level of competition in different markets can affect them.

At the completion of Grade 4, students will know that:

1. Competition takes place when there are many buyers and sellers of similar products.

Conforms To

NCTE-IRA Standards for the English Language Arts (1996)

5. Students employ a wide range of strategies as they write and use different writing process elements appropriately to communicate with different audiences for a variety of purposes.

Conforms To

Voluntary National Content Standards in Economics (1997)

Standard 14: Profit and the Entrepreneur
Entrepreneurs are people who take the risks of organizing productive resources to make goods and services. Profit is an important incentive that leads entrepreneurs to accept the risks of business failure.

Students will be able to use this knowledge to:
Identify the risks, returns, and other characteristics of entrepreneurship that bear on its attractiveness as a career.

At the completion of Grade 4, students will know that:

2. An invention is a new product. Innovation is the introduction of an invention into a use that has economic value.

Conforms To

Voluntary National Content Standards in Economics (1997)

Standard 14: Profit and the Entrepreneur
Entrepreneurs are people who take the risks of organizing productive resources to make goods and services. Profit is an important incentive that leads entrepreneurs to accept the risks of business failure.

Students will be able to use this knowledge to:
Identify the risks, returns, and other characteristics of entrepreneurship that bear on its attractiveness as a career.

At the completion of Grade 4, students will know that:

3. Entrepreneurs often are innovative. They attempt to solve problems by developing and marketing new or improved products.

Conforms To

Voluntary National Content Standards in Economics (1997)

Standard 9: Role of Competition
Competition among sellers lowers costs and prices, and encourages producers to produce more of what consumers are willing and able to buy. Competition among buyers increases prices and allocates goods and services to those people who are willing and able to pay the most for them.

Students will be able to use this knowledge to:
Explain how changes in the level of competition in different markets can affect them.

At the completion of Grade 8, students will know that:

3. The level of competition in a market is influenced by the number of buyers and sellers.

Conforms To

NCTE-IRA Standards for the English Language Arts (1996)

8. Students use a variety of technological and information resources (e.g., libraries, databases, computer networks, video) to gather and synthesize information and to create and communicate knowledge.

Conforms To

Principles and Standards for School Mathematics (2000)

Number and Operations Standard

Understand numbers, ways of representing numbers, relationships among numbers, and number systems

Conforms To

Voluntary National Content Standards in Economics (1997)

Standard 14: Profit and the Entrepreneur
Entrepreneurs are people who take the risks of organizing productive resources to make goods and services. Profit is an important incentive that leads entrepreneurs to accept the risks of business failure.

Students will be able to use this knowledge to:
Identify the risks, returns, and other characteristics of entrepreneurship that bear on its attractiveness as a career.

At the completion of Grade 8, students will know the Grade 4 benchmarks for this standard and also that:

5. In addition to profits, entrepreneurs respond to other incentives including the opportunity to be their own boss, the chance to achieve recognition, and the satisfaction of creating new products or improving existing ones. In addition to financial losses, other disincentives to which entrepreneurs respond include the responsibility, long hours, and stress of running a business.

Conforms To

Voluntary National Content Standards in Economics (1997)

Standard 14: Profit and the Entrepreneur
Entrepreneurs are people who take the risks of organizing productive resources to make goods and services. Profit is an important incentive that leads entrepreneurs to accept the risks of business failure.

Students will be able to use this knowledge to:
Identify the risks, returns, and other characteristics of entrepreneurship that bear on its attractiveness as a career.

At the completion of Grade 4, students will know that:

1. Entrepreneurs are individuals who are willing to take risks, to develop new products, and start new businesses. They recognize opportunities, like working for themselves, and accept challenges.

Conforms To

Voluntary National Content Standards in Economics (1997)

Standard 9: Role of Competition
Competition among sellers lowers costs and prices, and encourages producers to produce more of what consumers are willing and able to buy. Competition among buyers increases prices and allocates goods and services to those people who are willing and able to pay the most for them.

Students will be able to use this knowledge to:
Explain how changes in the level of competition in different markets can affect them.

At the completion of Grade 4, students will know that:

2. Competition among sellers results in lower costs and prices, higher product quality, and better customer service.

Conforms To

Arts Education Content Standards and Benchmarks (1998)

2. Creating

Content Standard 2: All students will apply skills and knowledge to create in the arts.

Visual Arts

3. Integrate visual, spatial, and temporal concepts with content to communicate intended meaning in artworks.

This data provided by the Achievement Standards Network

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