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List of Benchmarks for Economics 
 Standard 10.Understands basic concepts about international economics
  
Topics1. International trade; 2. Opportunity costs and trade-offs
   Level IV (Grade 9-12)
  Benchmark 6.Understands that public policies affecting foreign trade impose costs and benefits on different groups of people (e.g., consumers may pay higher prices, profits in exporting firms may decrease), and that decisions on these policies reflect economic and political interests and forces
   Vocabulary terms
A.  public policy affecting foreign trade
  Knowledge/skill statements
  1. Understands that public policies affecting foreign trade impose costs on different groups of people   
  2. Understands that public policies affecting foreign trade impose benefits on different groups of people  A   
  3. Knows that consumers paying higher prices is an example of a cost imposed on a group of people by public policies affecting foreign trade   
  4. Knows that a loss of profit for export firms is an example of a cost imposed on a group of people by public policies affecting foreign trade   
  5. Understands that decisions based on public policies affecting foreign trade reflect economic interests   
  6. Understands that decisions based on public policies affecting foreign trade reflect economic forces   
  7. Understands that decisions based on public policies affecting foreign trade reflect political interests   
  8. Understands that decisions based on public policies affecting foreign trade reflect political forces   


 A  = Assessment items available

Citation Log: BD(NE,12,41;​BE,29;​CI,8;​EE,129;​JE,60;​PI,23;​SI,42)
Citation reference
BD = benchmark, declarative
BP = benchmark, procedural
BC = benchmark, contextual

1st letter/number of each code in parentheses:
B   International Baccalaureate: Economics
C   Colorado Economics Standards
DD   Department of Defense: Prekindergarten Social Studies Standards
E   NCEE: Framework for Economics
HS   Head Start: Child Outcomes Framework
J   JCEE: Economics, What and When
MH   McGraw-Hill: Pre-Kindergarten Standards: Guidelines for Teaching and Learning
N   NCEE: Voluntary National Content Standards in Economics
NZ   New Zealand Ministry of Education: Early Childhood Curriculum
P   NAEP: 2006 Assessment Framework in Economics for Grade 12
S   NCSS: Curriculum Standards for Social Studies
T   TEA: Texas Prekindergarten Curriculum Guidelines

2nd letter code :
E = Explicitly stated in document
I = Implicit in document

Number:
Page number of the cited document