WI.D. Economics: Production, Distribution, Exchange, Consumption: Students in Wisconsin will learn about production, distribution, exchange, and consumption so that they can make informed economic decisions.
D.8.1. Describe and explain how money makes it easier to trade, borrow, save, invest, and compare the value of goods and services.
D.8.10. Identify the economic roles of institutions such as corporations and businesses, banks, labor unions, and the Federal Reserve System.
D.8.2. Identify and explain basic economic concepts: supply, demand, production, exchange, and consumption; labor, wages, and capital; inflation and deflation; market economy and command economy; public and private goods and services.
D.8.6. Identify and explain various points of view concerning economic issues, such as taxation, unemployment, inflation, the national debt, and distribution of income.