See all 9th-12th Grades Standards
Cost of Living

Cost of Living

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Here's how Cost of Living aligns with curriculum standards in Missouri. Use the filters to change the location, set of standards, and grade level.

I: Financial Decision Making: Choice is the central principle of individuals, businesses and government. People make many choices every day in markets where buyers and sellers interact. Every decision incurs an opportunity cost.

Concept 1: Unlimited Wants and Limited Resources

Standards
Defined by Personal Finance Course Level Expectations 9th-12th Grades and align with Cost of Living
A: Evaluate the role of choice in decision making.
B: Apply a rational decision-making process to satisfy wants.

Concept 2: Choice and Decision Making

Standards
Defined by Personal Finance Course Level Expectations 9th-12th Grades and align with Cost of Living
A: Explain how today's choices have future consequences.
B: Explain the causal relationship between choice and opportunity cost.

II: Earning Income: For most people, income is determined by the market value of their labor paid as wages and salaries. People can increase their income and job opportunities through education, skill building and work experience.

Concept 1: Career Choices and Consequences

Standards
Defined by Personal Finance Course Level Expectations 9th-12th Grades and align with Cost of Living
A: Evaluate how career choices impact income and quality of life.
D: Analyze how changes in economic conditions and labor markets can cause changes in a person's income or employment status.