Unit 3: Lesson 16 - Making Choices About Saving and Investing This lesson introduces the distinction between savings and the investment. It demonstrates how the price of money --the interest rate--is critical to making the right savings and investment choices. It explains when, under various conditions, it is or is not in people's best interest to save. Concepts: - Choice
- Inflation
- Saving
- Interest
- Investment
- Loanable Funds Market
- Purchasing Power
- Savings
Standards: - Standard #2: Decision Making
- Standard #12: Interest Rates
 Unit 7: Lesson 43 - Why Are Some Nations Wealthy? Students work in groups to examine data from several nations regarding size, natural resources, and population. Using these data, they try to identify the nations and predict whether each nation is rich or poor. Students rank the nations from richest to poorest. After the mystery nations are revealed, students discuss economists' findings about the factors that contribute most to long-term economic growth. Concepts: - Economic Growth
- Natural Resources
- Human Capital
- Physical Capital
- Productivity
- Property Rights
- Trade
- Savings
Standards: - Standard #15: Economic Growth
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