TEKS (9)(B)
describe the relationship between the availability or scarcity of resources and how that impacts cost;
Source: Texas Administrative Code §111.5 (Chapter 111) · Adopted 2012
Knowledge & Skills (9)
Personal financial literacy
The student applies mathematical process standards to manage one's financial resources effectively for lifetime financial security. The student is expected to:
Animated lesson for this standard — coming soon
Shrutam is building free, screen-reader-friendly animated lessons for every TEKS standard. This page documents the standard text from the Texas Administrative Code so teachers, parents, and students can find exactly what students are expected to learn under TEKS (9)(B).
Other expectations under (9)
- TEKS (9)(A) explain the connection between human capital/labor and income;
- TEKS (9)(C) identify the costs and benefits of planned and unplanned spending decisions;
- TEKS (9)(D) explain that credit is used when wants or needs exceed the ability to pay and that it is the borrower's responsibility to pay it back to the lender, usually with interest;
- TEKS (9)(E) list reasons to save and explain the benefit of a savings plan, including for college; and
- TEKS (9)(F) identify decisions involving income, spending, saving, credit, and charitable giving.