Describing ways in which people exchange money for goods.
Students show understanding of the interconnectedness between government and the economy by
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Describing and discussing the advantages and disadvantages of using currency vs. bartering in the exchange of goods and services (e.g., an advantage of bartering is that one doesn’t need money, a disadvantage is determining fairness).
Describing ways in which people exchange money for goods (e.g., buying lunch or snack).
Recognizing that the U.S. government creates its own currency for use as money (e.g., investigating various forms of money printed throughout the history of the U.S.).
Identifying some goods and services that are provided by the local government (e.g., schools, parks, police, fire protection).