3.MATH.9.B
Describe the relationship between the availability or scarcity of resources and how that impacts cost.
Grade 3 · Texas Essential Knowledge and Skills (TEKS) · TEKS 2012
Standard Unwrapping
AI-generated as a starting point — sign in to edit.Vocabulary
relationshipavailabilityscarcityresourcescost
Skills
- describe (the relationship between availability or scarcity of resources and cost) #dok2
- identify (examples of resource availability and scarcity in real-life situations) #dok1
- explain (how scarcity or abundance affects cost) #dok2
- analyze (situations to determine how availability impacts cost) #dok3
Learning Targets
- I can identify resources that can be available or scarce. #dok1
- I can describe what scarcity and availability mean in relation to resources. #dok1
- I can explain how the availability or scarcity of resources influences cost. #dok2
- I can describe the relationship between how much of a resource there is and its cost. #dok2
- I can analyze how costs change when resources become more or less available. #dok3
Big Ideas
- The availability or scarcity of resources affects the cost of goods and services.
- Understanding how resources impact cost helps people make better financial decisions.
Essential Questions
- How does the availability of a resource affect its cost?
- What happens to the cost of a resource when it becomes scarce?
- Can you give examples of scarce and abundant resources?
- Why is it important to understand the relationship between resources and their cost?
- How do people respond when resources become more expensive due to scarcity?