Florida SS.4.FL.2

SS.4.FL.2 is a Florida social studies standard. These are the benchmarks under it.

• SS.4.FL.2.1

  Explain that economic wants are desires that can be satisfied by consuming a good, a service, or a leisure activity.

• SS.4.FL.2.2

  Explain that people make choices about what goods and services they buy because they can't have everything they want. This requires individuals to prioritize th...

• SS.4.FL.2.3

  Identify some of the ways that people spend a portion of their income on goods and services in order to increase their personal satisfaction or happiness.

• SS.4.FL.2.4

  Discuss that whenever people buy something, they incur an opportunity cost. Opportunity cost is the value of the next best alternative that is given up when a p...

• SS.4.FL.2.5

  Explain that costs are things that a decision maker gives up; benefits are things that a decision maker gains. Make an informed decision by comparing the costs ...

• SS.4.FL.2.6

  Predict how people’s spending choices are influenced by prices as well as many other factors, including advertising, the spending choices of others, and peer pr...

• SS.4.FL.2.7

  Planning for spending can help people make informed choices. Develop a budget plan for spending, saving, and managing income.

01

What Students Need to Do

Students make spending choices within a fixed budget. They compare price, quality, and personal priorities, then explain what they gave up by choosing one option.

02

What Mastery Looks Like

A student can select purchases without exceeding a budget and support each choice with clear reasons. The student can identify the next best option and describe the tradeoff.

03

Common Misconceptions

Students may think the cheapest option is always the best choice, or that having enough money makes any purchase wise. They may overlook taxes, future costs, advertising, peer pressure, and the option to save.

04

How to Assess It

Give students a $20 budget and three choices: a $12 book, a $9 movie ticket, and a $6 snack. Have them choose purchases, total the cost, and explain one tradeoff.

1. 01

   Set up a classroom store with price cards and play money, then have students plan purchases within a $15 budget.

2. 02

   Ask, “Would you buy one durable backpack or two cheaper backpacks?” Students defend a choice using price, quality, and expected use.

3. 03

   Play Budget Bingo by calling out budgets and item pairs, then have students cover affordable choices and name each tradeoff.

4. 04

   Compare two grocery ads, then create a $25 breakfast list and explain why each item earned a place.

• SS.2.E.1.2

  Recognize that people supply goods and services based on consumer demands.

• SS.1.E.1.4

  Distinguish people as buyers, sellers, and producers of goods and services.

• SS.1.E.1.3

  Distinguish between examples of goods and services.