[SS2010] LWT1 (1) 10 :
10 ) Describe the role of money in everyday life.
Categorizing purchases families make as needs or wants
Explaining the concepts of saving and borrowing
Identifying differences between buyers and sellers
Classifying specialized jobs of workers with regard to the production of goods and services
Using vocabulary associated with the function of money, including barter, trade, spend, and save
[SS2010] LWT2 (2) 7 :
7 ) Explain production and distribution processes.
Example: tracing milk supply from dairy to consumer
Identifying examples of imported and exported goods
Describing the impact of consumer choices and decisions on supply and demand
[SS2010] LWT2 (2) 8 :
8 ) Describe how scarcity affects supply and demand of natural resources and human-made products.
Examples: cost of gasoline during oil shortages, price and expiration date of perishable foods
[SS2010] GHS (3) 5 :
5 ) Compare trading patterns between countries and regions.
Differentiating between producers and consumers
Differentiating between imports and exports
Examples: imports—coffee, crude oil
exports—corn, wheat, automobiles