La. Admin. Code tit. 28 § CXXI-507

Current through Register Vol. 50, No. 8, August 20, 2024

Section CXXI-507 - Economics

A. Differentiate between producers and consumers.

B. Identify examples of an economic cost or benefit of a decision or event.

C. Describe how different public and private jobs help Louisianans. For example:

1. public: firefighters keeping people and their property safe.

2. private: nurses caring for sick or injured people.

D. Explain why and how goods and services are produced and traded.

E. Describe how scarcity requires people to make choices.

F. Identify and describe which goods and services are produced in different places and regions in Louisiana.

G. Describe the importance of natural resources in Louisiana, including timber, seafood, and oil.

La. Admin. Code tit. 28, § CXXI-507

Promulgated by the Board of Elementary and Secondary Education, LR 31:2806 (November 2005), Amended LR 481766 (7/1/2022).

AUTHORITY NOTE: Promulgated in accordance with R.S. 17.6, R.S. 17:24.4, and R.S. 17:154.