Nebraska Standards for 'Why Nations Trade**'
Social Studies 12.3.12
Students will analyze the role of the national, state, and local government in the United States economy.
Example Indicators:
- Compare interstate commerce and trade policies.
- Discuss promoting economic growth by providing favorable conditions for markets.
- Compare providing public goods, services, and protection of the environment.
- Explain the interrelationship of producers, consumers, and government in the United States economic system.
- Discuss the impact of fiscal and monetary policy.
- Identify the basic economic goals in a free market system, including growth, stability, full employment, and efficiency versus equity and justice.
Social Studies 12.3.13
Students will examine the basic economic indicators and fundamentals of international trade.
Example Indicators:
- Define Gross Domestic Product
- Define Consumer Price Index, employment statistics, and other measure of economic conditions.
- Explain comparative and absolute advantage.
- Discuss exchange rates.
- Explain international trade policies, and the United States relationship to the global economy.
