Nebraska Standards for 'Places and production**'
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.
