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USA National Standards for Concept "Barter/Trade"

NATIONAL STANDARD 5 - TRADE: Students will understand that: Voluntary exchange occurs only when all participating parties expect to gain. This is true for trade among individuals or organizations within a nation, and among individuals or organizations in different nations.

Students will be able to use this knowledge to: Negotiate exchanges and identify the gains to themselves and others. Compare the benefits and costs of policies that alter trade barriers between nations, such as tariffs and quotas.

You can find additional online lessons on US Standard 5 from the Council for Economic Education Website.