77 pages with 9 activities that focus on the Unit 5 Topic 1: Louisiana’s Economic Relationships as outlined by the Louisiana State Department of education. These activities focus on answering the following standards and questions:

  • 3.8.1 – Investigate the economic concepts of opportunity cost, scarcity, and surplus/shortage and give examples of each based on needs and wants
  • 3.8.2 – Investigate ways in which people are producers and consumers and explain why they depend on one another
  • 3.8.3 – Describe the basic concepts of supply and demand and explain how competition affects the prices of goods and services
  • 3.8.4 – Explain how producers and consumers affect prices
  • 3.9.1 – Explain the concepts of specialization and interdependence in the production of goods and services
  • 3.10.1 – Differentiate between imports and exports of goods in Louisiana
  • Claim 1 – How do different factors affect production and price
  • Claim 2 – How do people impact the economy?