Use economic reasoning to explain how specialization of production can result in more interdependence.
Investigate how societies create different economic systems in the Western Hemisphere.
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Summarize how the distribution of resources impacts consumerism.
Economic thinkers study the relationship between local consumers and global producers.
Analyze ideas that are critical to the understanding of American history.
Give examples of international and regional differences in resources, productivity, and costs that provide a basis for trade.
Explain how trade affects the production of goods and services in different regions.