From the series Understanding Global Trade and Commerce
Grade Range: 7th – 12th
Page Count: 80
Lexile Level: 860L
Perhaps you have heard of terms like “Scarcity,” “opportunity cost,” or “supply and demand.” Each of these ideas has something in common. They belong to a system of trade, exchange, money, and policy that affects billions of lives in every country and government across the world. The study of this system is known as economics. From the food on your table to the bed you sleep in, economics matters more than you may realize. The Economics of Global Trade provides information about the basics of economics. Goods, services, scarcity, opportunity cost, supply, and demand are explained. So is the role of money, technology, and governments. Familiar examples help you to make sense of the ideas. From the Great Recession of 2007 to global trade, this guide covers economics from every angle. Lively text and recent events help to round out the concepts.
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