Economics Strand
ECONOMIC DECISION MAKING AND SKILLS13. Information displayed in circle graphs can be used to show relative proportions of segments of data to an entire body of data. 14. The choices people make have both present and future consequences.
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SCARCITY15. The availability of productive resources (i.e., human resources, capital goods and natural resources) promotes specialization that leads to trade.
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PRODUCTION AND CONSUMPTION16. The availability of productive resources and the division of labor impact productive capacity
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MARKETS17. Regions and countries become interdependent when they specialize in what they produce best and then trade with other regions to increase the amount and variety of goods and services available.
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FINANCIAL LITERACY
18. Workers can improve their ability to earn income by gaining new knowledge, skills and experiences.