Unit 4
Foundational Objectives

Concept: International Trade

Knowledge:

• Know that every nation has a specific set of resources arranged in certain patterns which can be used to produce certain commodities more efficiently.
• Know that specialization is a process in which individuals or regions are allowed to concentrate on doing what they do best.
• Know that international trade allows nations to export their surpluses and to import goods which are scarce.
• Know that while governments want to raise the standard of living in their society through international trade, they also want to protect the interests of their citizens and the security of the state from the competition of international trade.

• Practice collecting and using data in a systematic way.
• Practice describing and defining the main parts of a situation.
• Practice stating a proposition that is testable and that guides the search for data.
• Practice stating how the parts are related to each other and to the whole.
• Practice describing cause-effect relationships .

• How should governments balance off claims on the economy by special interest groups with the general well being of the majority?
• Is national security or a high standard of living the greatest good for society?
• In a democracy what responsibility do citizens have to analyze the arguments supporting public policy?