Unit 7: Lesson 39 - Why Go Global? Students examine an economic mystery regarding the importance of U.S. participation in the global economy. They participate in a demonstration regarding imported clothing. They use the Guide to Economic Reasoning to explain that, while exports and imports may be a relatively small part of the U.S. economy, international trade benefits the United States and its trade partners. Concepts: - Choice
- Future Consequences
- Incentive
- Opportunity Cost
- Voluntary Trade
Standards: - Standard #6: Specialization
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