Finer grained standards that are part of this one
Define trade and commodities used in trade.
Identify how interest rates affect borrowing, saving, and purchasing using credit.
Identify services offered by different types financial institutions.
Illustrate how one person’s spending becomes another person’s income.
Recognize the three types of productive resources.
Define inflation and deflation.
Define labor force and unemployment.
Demonstrate per capita measures in the classroom.