District Assessment Connection for South Dakota core standards
Economics (V04)
K-12.E.1 Students will apply the fundamental economic ideas and concepts associated with the study of economics. Test Questions
9-12.E.1.1 Through the construction of compelling questions, explain how the fundamental economic problem of unlimited wants with limited resources reflects enduring issues at all levels. 1, 2, 3, 4
9-12.E.1.3 Differentiate among the factors of production of land, labor, capital, and entrepreneurship. 25, 37, 46, 61, 62
9-12.E.1.6 Explain how scarcity, choice, and opportunity costs impact economic decision making at all levels by using a production possibilities curve. 5, 6, 7, 45
K-12.E.2 Students will demonstrate how the forces of supply and demand impact economic decision making. Test Questions
9-12.E.2.1 Compare and contrast the characteristics of perfectly competitive and less competitive market structures. 50, 51, 52, 53
9-12.E.2.2 Explain the law of supply and analyze the factors that create a change in supply. 17, 18, 19, 20, Essay
9-12.E.2.3 Explain the law of demand and analyze the factors that create a change in demand. 13, 14, 15, 16, Essay
9-12.E.2.4 Connect the role of supply and demand in creating price and quantity equilibriums in a perfectly competitive market. 49, 58, 59, 60
K-12.E.3 Students will analyze the ways government can impact the market. Test Questions
9-12.E.3.3 Interpret economic indicators used by economists that may lead to differing conclusions regarding the current phase of the business cycle. 26, 27, 28, 31
9-12.E.3.4 Predict the degree of economic impact of different types of unemployment and different variables creating inflation by using appropriate data. 29, 32, 33, 34
9-12.E.3.5 Describe the ways in which each level of government in the U.S. generates revenue and critique the method of using that revenue for public services. 21, 22, 23, 24
9-12.E.3.7 Compare and contrast economic stabilization approaches to the U.S. economy. 30, 35, 36, Essay
9-12.E.3.9 Assess and critique the tools used by the Federal Reserve System to influence the money supply. 54, 55, 56, 57
K-12.E.4 Students will explain how different economic systems coordinate and facilitate the exchange, production, distribution, and consumption of goods and services. Test Questions
9-12.E.4.1 Compare the general characteristics of communism, socialism, and capitalism. 8, 9, 10, 11, 12
K-12.E.5 Students will describe how trade generates economic development and interdependence. Test Questions
9-12.E.5.3 Identify and critique various barriers to international trade. 40, 42, 47, 48
9-12.E.5.4 Identify and provide the historical foundations for various international trade agreements and any impact on the U.S. economy. 38, 39, 41, 43, 44


Multiple Choice: 62 points
18 points
80 points