Economics
Individuals, Households, Businesses, and Governments
- 52. Explain how supply and demand affect prices (E-1B-M1)
- 53. Explain and analyze factors affecting production and allocation of goods/services in Louisiana and the United States (E-1B-M2)
- 54. Explain the difference between private goods/services and public goods/services and give examples of each (E-1B-M3)
- 55. Identify the costs and benefits of a given government policy (e.g., trade agreements, minimum wage) on a competitive market (E-1B-M4)
- 56. Identify various types of taxes and user fees and predict their consequences (E-1B-M5)
- 57. Explain reasons for trade between nations and the impact of international trade (E-1B-M6)
- 58. Describe historical and economic factors influencing the economic growth, interdependence, and development of Louisiana and the nation (e.g., mass production, oil boom and decline) (E-1B-M7)
