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Categories:: 6.4.12. Economic Interdependence
Statements:
A. Analyze how specialization may increase the standard of living.
B. Analyze the relationships between trade, competition and productivity.
C. Evaluate how a nation might benefit by lowering or removing trade barriers.
D. Explain how the location of resources, transportation and communication networks and technology have affected international economic patterns.
E. Analyze how United States consumers and producers participate in the global production and consumption of goods or services.
F. Evaluate how trade is influenced by comparative advantage and opportunity costs.
G. Evaluate characteristics and distribution of international economic activities.