TN.3.2. Economics: Globalization of the economy, the explosion of population growth, technological changes and international competition compel students to understand, both personally and globally, the production, distribution, and consumption of goods and services. Students will examine and analyze economic concepts such as basic needs versus wants, using versus/saving money, and policy making versus decision making.
3.2.02. Give examples of fundamental economic concepts.
3.2.02.a. Identify examples of private and public goods and services.
3.2.02.d. Distinguish between imports and exports.
3.2.03. Discuss the patterns and results of international trade.
3.2.03.b. Explain the characteristics of a technologically expanding global economy.
3.2.03.e. Be aware of how goods and services are interchanged between communities at the local, and national levels.
3.2.spi. Performance Indicators State:
3.2.spi.3. Distinguish between import and export.
3.2.spi.4. Differentiate the difference between producer and a consumer using a picture.