Understand the economic activities of modern societies and regions.
Economics and Financial Literacy
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Explain how competition for resources affects the economic relationship among nations (e.g. colonialism, imperialism, globalization and interdependence).
Explain the implications of economic decisions in national and international affairs (e.g. OPEC, NAFTA, G20, WTO, EU and economic alliances).
Summarize the main characteristics of various economic systems (e.g. capitalism, socialism, communism; market, mixed, command and traditional economies).
Explain how personal financial decision-making impacts quality of life (e.g. credit, savings, investing, borrowing and giving).