NCES.CE.E.2 - Understand factors of economic interdependence and their impact on nations.
- NCES.CE.E.2.1 - Explain the basic concepts of trade (e.g., including absolute and comparative advantage, exchange rates, balance of trade, gains from trade, etc.).
- NCES.CE.E.2.2 - Summarize how nations specialize and become interdependent through trade (e.g., trade restrictions and government policy).
- NCES.CE.E.2.3 - Explain the impact of government policies on international trade (e.g., tariffs, quotas, sanctions, subsidies, banking, embargos, etc.).
- NCES.CE.E.2.4 - Analyze the role of NC and the US in the world economy (e.g., furniture industry, tourism, fishing, etc.).