Global Economy When regions and nations use comparative advantage to produce at ___ Full ___ Fully the lowest cost and then trade with ___ Partial ___ Partially others, production, consumption and ___ No ___ Does Not interdependence increase. Government actions, such as tariffs, quotas, subsidies, trade agreements ___ Full ___ Fully and membership in multinational ___ Partial ___ Partially economic organizations significantly ___ No ___ Does Not impact international trade. Working and Earning Income is determined by many ___ Full ___ Fully factors including individual skills and ___ Partial ___ Partially abilities, work ethic and market ___ No ___ Does Not conditions. Employee earning statements ___ Full ___ Fully include information about gross ___ Partial ___ Partially wages, benefits, taxes and other ___ No ___ Does Not deductions. Financial Responsibility and Management Financial decision-making involves ___ Full ___ Fully considering alternatives by ___ Partial ___ Partially examining costs and benefits. ___ No ___ Does Not A personal financial plan includes financial and a budget, including ___ Full ___ Fully spending on goods and services, ___ Partial ___ Partially savings and investments, insurance ___ No ___ Does Not and philanthropy.
Global Economy When regions and nations use comparative advantage to produce at the lowest cost and then trade with others, production, consumption and interdependence increase. ___ Full ___ Partial ___ No ___ Fully ___ Partially ___ Does Not Government actions, such as tariffs, quotas, subsidies, trade agreements and membership in multinational economic organizations significantly impact international trade. ___ Full ___ Partial ___ No ___ Fully ___ Partially ___ Does Not Working and Earning Income is determined by many factors including individual skills and abilities, work ethic and market conditions. ___ Full ___ Partial ___ No ___ Fully ___ Partially ___ Does Not Employee earning statements include information about gross wages, benefits, taxes and other deductions. ___ Full ___ Partial ___ No ___ Fully ___ Partially ___ Does Not Financial Responsibility and Management Financial decision-making involves considering alternatives by examining costs and benefits. ___ Full ___ Partial ___ No ___ Fully ___ Partially ___ Does Not A personal financial plan includes financial and a budget, including spending on goods and services, savings and investments, insurance and philanthropy. ___ Full ___ Partial ___ No ___ Fully ___ Partially ___ Does Not
District%20Curriculum%20Alignment%20Toolkit%20PK-HS%20Social%20Studies%203.7.12.docx