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Topic: Specialization and interdependence 

Economics

 Standard 1.  Understands that scarcity of productive resources requires choices that generate opportunity costs
  Level II (Grade 3-5)
   Benchmark 9.Knows that economic specialization occurs when people produce a narrower range of goods and services than they consume
    Knowledge/skill statements
     1.Knows what causes economic specialization
     2.Knows the meaning of economic specialization
 Standard 4.  Understands basic features of market structures and exchanges
  Level II (Grade 3-5)
   Benchmark 4.Understands that when people and nations specialize, they become more interdependent (i.e., less self-sufficient and more dependent on exchange)
    Knowledge/skill statements
     1.Understands that when people specialize, they become interdependent
     2.Understands that when nations specialize, they become interdependent
     3.Knows that economic interdependence means to be less self-sufficient and to be more dependent on exchange
  Level III (Grade 6-8)
   Benchmark 4.Understands that money encourages people to specialize because they can operate more efficiently in an exchange (i.e., sell what they produce to anyone, not just to someone who has something they want)
    Knowledge/skill statements
     1.Understands that money encourages people to specialize
     2.Understands that money allows people to operate more efficiently in an exchange
     3.Knows that money allows people to sell what they produce to anyone, not just someone who has something they want
  Level IV (Grade 9-12)
   Benchmark 8.Understands that when transaction costs (e.g., tariffs, costs of gathering or disseminating information on products, transportation costs paid by the consumer) decrease, more specialization and trading will occur
    Knowledge/skill statements
     1.Understands that when transactions costs decrease, specialization increases
     2.Understands that when transaction costs decrease, trading increases
     3.Knows that tariffs are an example of transaction costs
     4.Knows that the costs of gathering or disseminating information on products is an example of a transaction cost
     5.Knows that transportation costs paid by the consumer are an example of transaction costs
 Standard 10.  Understands basic concepts about international economics
  Level III (Grade 6-8)
   Benchmark 3.Understands that international trade promotes greater specialization, which increases total world output, and increases material standards of living
    Knowledge/skill statements
     1.Understands that international trade promotes greater specialization
     2.Understands how international trade and specialization affect total world output
     3.Understands how international trade and specialization affect material standards of living
     4.Knows the meaning of "total world output"
     5.Understands the meaning of "material standard of living"
   Benchmark 7.Understands that increasing international interdependence causes economic conditions and policies in one nation to affect economic conditions in many other nations
    Knowledge/skill statements
     1.Knows that economic conditions and policies in one country may affect economic conditions in other countries
     2.Understands the effects that increasing international interdependence may have on countries