Title: Understand the fundamental concepts and interrelationships of the United States economy in the international marketplace.
Subject: Social Studies
This cluster includes the following benchmarks.
Related Access Points
This cluster includes the following access points.
Describe the impact of inflation on world economies.
Identify economic advantages a country may have when trading with another country.
Describe why countries establish barriers to trade and the effects.
Compare the positive and negative economic impacts on different countries.
Identify differences in the economies of the United States and another country.
Differentiate how people and countries make economic decisions about the use of scarce resources in the most efficient way.
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