Standard detail

3.1

Depth 1Parent ID: 96108B0990594FE48E5470CB5DD47B31Standard set: Business, Marketing, and Finance (2025)

Original statement

Explain the concepts of scarcity, choice, decision-making, opportunity cost, supply, demand, and gross domestic product (GDP). DOK2

Statement code: 3.1
List ID: 1
Standard ID: 7002A575FC794E0BA7AA94EB98DAAAB4
Subject: CTE (2014-)
Grades: HigherEducation
Ancestor IDs: 96108B0990594FE48E5470CB5DD47B31
Source document: 202 5 B u s i n e s s , M a r k e t i n g , a n d F i n a n c e
License: CC BY 4.0 US