People respond to positive and negative incentives.
Resources cannot be aligned to this standard, browse sub-standards to find lessons.
In a given situation, create a plan of appropriate incentives to achieve a desired result.
Explain how productive resources (natural, human, and capital) have influenced the types of goods produced and services provided in Colorado.
Give examples of the kinds of goods and services produced in Colorado in different historical periods and their connection to economic incentives.
Understand the allocation of scarce resources in societies through analysis of individual choice, market interaction, and public policy.
Define positive and negative economic incentives and describe how people typically respond when given positive or negative incentives.