Texas TEKS 1.7.B
The Standard
identify ways people exchange goods and services
Texas Essential Knowledge and Skills for Social Studies
Teacher's field guide
What This Standard Means
What Students Need to Do
- Students recognize that people can buy goods and services with money or trade for them. They tell what each person gives and receives.
What Mastery Looks Like
- Students correctly sort simple examples as buying, trading, giving, or borrowing. They can explain exchanges involving both goods and services.
Common Misconceptions
- Students may think every exchange uses money or that only objects can be exchanged. They may mistake gifts, sharing, or borrowing for an exchange with an agreed return.
How to Assess It
- Read: “Lena pays $3 for bread. Tom walks Ana’s dog, and Ana fixes his bike.” Students label each exchange and name what each person gives.
Lesson moves
Ways to Teach It
Set up a classroom market with play money, item cards, and service cards, then have students buy or trade with classmates.
Ask, “Would you rather pay for a haircut or trade a chore for it?” Have students explain their choice.
Students sort scenario cards into four hoops labeled Buy, Trade, Gift, and Borrow, then explain one card to a partner.
Compare a grocery receipt and a car wash price list, then identify the goods, services, and money exchanged.
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Printable 1.7.B Worksheet
A ready-to-print activity worksheet aligned to 1.7.B, with an answer key for the teacher on its own page. No account needed.
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Related Standards
- 1.7.C
identify the role of markets in the exchange of goods and services.
- 2.7.B
identify ways in which people are both producers and consumers; and
- 3.5.A
identify ways of earning, spending, saving, and donating money; and
- 6.7.A
compare ways in which various societies organize the production and distribution of goods and services
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