SS6E1 The student will analyze
different economic systems.
SS6E2 The student will give
examples of how voluntary trade benefits buyers and sellers in
Latin America and the Caribbean and Canada.
a. Explain how specialization encourages trade
b. Compare and contrast different types of trade
barriers such as tariffs, quotas, and embargos.
c. Explain the functions of the North American
Free Trade Agreement (NAFTA).
d. Explain why international
trade requires a system for exchanging currencies between
student will describe factors that influence economic growth and
examine their presence or absence in Latin America.
a. Explain the relationship
between investment in human capital (education and training and
gross domestic product (GDP).
b. Explain the relationship
between investment in capital (factories, machinery, and
technology) and gross domestic product (GDP).
c. Describe the role of
natural resources in a country's economy.
d. Describe the role of
Teacher Notes: Teacher Notes for Canada's
(this document is simply the pages
of the Teacher Notes for Canada that apply to Economics)
Elementary Standards for Economics