NCES.7.EC.1 - Understand the economic activities of modern societies and regions.
- NCES.7.EC.1.1 - Explain how competition for resources affects the economic relationship among nations (e.g. colonialism, imperialism, globalization and interdependence).
- NCES.7.EC.1.2 - Explain the implications of economic decisions in national and international affairs (e.g. OPEC, NAFTA, G20, WTO, EU and economic alliances).
- NCES.7.EC.1.3 - Summarize the main characteristics of various economic systems (e.g. capitalism, socialism, communism; market, mixed, command and traditional economies).
- NCES.7.EC.1.4 - Explain how personal financial decision-making impacts quality of life (e.g. credit, savings, investing, borrowing and giving).