Unit 3: Lesson 19 - Earning an Income
Students examine the concept of income. They identify factors that generate in come, including entrepreneurial traits and changing conditions in labor markets. In learning how income is generated, students plan and make choices to enhance their own income-generating capacity.
- Human Capital
- Standard #4: Incentives
- Standard #9: Competition and Market Structure
- Standard #13: Income
- Standard #14: Entrepreneurship
Unit 7: Lesson 45 - International Trade: How Do We Measure Trades Across Political Borders?
Many popular misconceptions evolve from reading balance of payments reports. Newspaper stories warn us of the perils of a deficit in the U.S. trade balance and a surplus in the Chinese trade balance of payments reports and help them draw accurate conclusions about the economy from these reports.
- Balance of Payments
- Capital Account
- Current Account
- Standard #5: Trade
- Standard #6: Specialization