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Standards for Exchange Rates: How Money Affects Trade

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National Standards in Economics

Name: Trade

Standard: 5

  • Students will understand that: Voluntary exchange occurs only when all participating parties expect to gain. This is true for trade among individuals or organizations within a nation, and among individuals or organizations in different nations.
  • Students will be able to use this knowledge to: Negotiate exchanges and identify the gains to themselves and others. Compare the benefits and costs of policies that alter trade barriers between nations, such as tariffs and quotas.

State Standards

Common Core State Standards

Name: High School: Number and Quantity

Standard:

Area:

Name: Literacy in History/Social Studies

Standard:

Area: