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Economic Systems, Scarcity, and Trade in the Western Hemisphere

5th Grade · Social Studies · US-CO-SS

11 lessons

Goal

Analyze how societies in the Western Hemisphere address scarcity through different economic systems, specialization, and international trade.

11 lessons
0 of 11 done
  1. Scarcity, Choice, and Opportunity Cost in Daily LifeUp next
  2. Traditional Economic Systems in Indigenous CommunitiesNot started yet
  3. Command, Market, and Mixed Economic SystemsNot started yet
  4. Comparing Economies: Cuba, the United States, and BrazilNot started yet
  5. The Four Factors of Production in the AmericasNot started yet
  6. Specialization and Comparative Advantage in Hemispheric TradeYou are here
  7. Trade Agreements: USMCA, Mercosur, and CARICOMNot started yet
  8. Primary Economic Activities: Farming, Mining, and FishingNot started yet
  9. Secondary and Tertiary Sectors: Manufacturing and ServicesNot started yet
  10. Global Supply Chains and Economic InterdependenceNot started yet
  11. Economic Challenges: Inflation, Unemployment, and PovertyNot started yet
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Learning standards covered

us-coSS.6.3.1Colorado Social Studies Standards · All ages

Investigate how different economic systems developed based on access to resources, societal values, and human experiences, in order to address the problem of scarcity.