Standards:

SSEMA1 The student will illustrate the means by which economic activity is measured.
SSEMA2 The student will explain the role and functions of the Federal Reserve System.
SSEMA3 The student will explain how the government uses fiscal policy to promote price stability, full employment, and economic growth.
SSEIN1 The student will explain why individuals, businesses, and governments trade goods and services.
SSEIN2 The student will explain why countries sometimes erect trade barriers and sometimes advocate free trade.
SSEIN3 The student will explain how changes in exchange rates can have an impact on the purchasing power of individuals in the United States and in other countries

Vocabulary:

The Digital Economist: Comparative Advantage

Absolute and Comparative Advantage Practice.docx