A Correlation of. To the. Pennsylvania Academic Standards Economics Grades 9 & 12

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1 A Correlation of To the

2 Introduction This document demonstrates how Pearson, meets the Pennsylvania Academic s for,. Pearson is excited to announce its NEW program! Helping students build an essential, life-long understanding of core economics principles. Pearson features motivating hands-on activities, interactive graphics, animations, and videos to help build relevant economic literacy. The program bridges time-tested best practices, curriculum standard expectations, and technology to help prepare students to be college and career ready. Available in print, digital, and blended options. Pearson program uses a research tested four-part learning model to enhance teaching and understanding. 1. Connect: Students make learning personal as they connect to content through a story and activate their prior knowledge, personal experience, and perspective. 2. Investigate: Students actively learn, investigate, and acquire key content knowledge through a variety of components both in print and digital. 3. Synthesize: Students extend their understanding by applying what they just learned in a quick recap and pull-it-all-together exercise before they move on to the next lesson. 4. Demonstrate: Students demonstrate their understanding through a variety of authentic, formative, and summative assessments. Technology Reimagined with Pearson s Realize Platform etext Student Edition with valuable tools for individualized instruction, remediation, or enrichment NBCLearn MyStory Videos that engage students in every chapter Interactive Reading and Note Taking Study Guide allows for differentiated instruction and assessment Assessments; built-in progress monitoring includes both formative and summative assessments Teacher Lesson Plans with point-of-use resources Flipped Videos available to assign to students or serve as quick refreshers 2015 Pearson Education, Inc. or its affiliate(s). All rights reserved 2

3 Table of Contents Grade Area - 6.1: Scarcity and Choice... 4 Area - 6.2: Markets and Economic Systems... 5 Area - 6.3: Functions of Government... 7 Area - 6.4: Economic Interdependence... 8 Area - 6.5: Income, Profit, and Wealth... 8 Grade Area - 6.1: Scarcity and Choice Area - 6.2: Markets and Economic Systems Area - 6.3: Functions of Government Area - 6.4: Economic Interdependence Area - 6.5: Income, Profit, and Wealth

4 for, Grade 9 Subject Area - 6: Area - 6.1: Scarcity and Choice Grade Level : GRADE A: Analyze how choices are made because of scarcity. SE: Scarcity, 4-10; Topic 1 Assessment (1. Explain Basic Economic Problems; 2. Explain Scarcity; 3. Explain Basic Economic Problems; 6. Explain a Concept and Create Written Presentations; 11. Explain Scarcity), 17-18; Resource Distribution and Specialization, ; Topic 10 Assessment (1. Describe and Explain Economic Factors), 444; 21 st Century Skills: Analyze Cause and Effect, ; Analyze Data and Models, 485; Read Charts, Graphs, and Tables, B: Identify the origin of resources and analyze the impact on the production of goods and services. Analyze how unlimited wants and limited resources affect decision making C: Explain the opportunity cost associated with government policies. SE: Scarcity, 4-10; Production Possibilities, 13-16; Topic 1 Assessment (5. Interpret Curves; 9. Describe Economic Factors; 12. Describe Economic Factors), 17-18; The Three Basic Economic Questions, 22-26; Topic 2 Assessment (2. Describe Answers to Economic Questions; 9. Explain the Benefits of Economic Systems), 64-65; Elasticity of Demand, 78-84; Supply, Demand, and the Labor Market, SE: Opportunity Cost, 10-11; Production Possibilities, 13-16; Topic 1 Assessment (5. Interpret Curves), 19; Centrally Planned Economies, 33-37; Mixed Economies, 38-43; Topic 2 Assessment (4. Analyze Costs and Benefits of Economic Policies; 10. Analyze the Costs and Benefits of Economic Policies), 63-64; Government Policies and Changes in Supply, ; How Fiscal Policy Decisions Impact the Economy, ; Limits and Costs of Fiscal Policy,

5 for, D: Explain how incentives cause people to change their behavior in predictable ways. SE: How Markets Self-Regulate, 30-31; The Features of Central Planning, 33-34; Disadvantages of Central Planning, 37; Basic Characteristics of Free Enterprise, 44-46; Key Roles in the Free Enterprise System, 46-47; The Benefits of the Price System, ; Topic 3 Assessment (12. Analyze the Importance of Economic Philosophers and Attribute Ideas and Information), 125; Topic 6 Assessment (13. Explain How Corporations Raise Money), 265; Charitable Donations, 311 Area - 6.2: Markets and Economic Systems Grade Level : GRADE A: Analyze the flow of goods and services in the national economy. SE: Three Basic Economic Questions, 22-23; Elements of a Free Market Economy, 28-29; Circular Flow Model of a Mixed Economy, 40; Key Roles in the Free Enterprise System, 46; Tracking the Economy, 51-52; Public Goods, 56-58; Externalities, 59-61; Topic 2 Assessment (2. Describe Answers to Economic Questions; 9. Explain the Benefits of Economic Systems), B: Explain how competition between buyers and sellers affects price C: Analyze how media affects economic decisions. SE: How Markets Self-Regulate, 30-31; Basic Characteristics of Free Enterprise, 44-46; Market Failures, 59; Topic 2 Assessment (8. Explain Basic Characteristics of Economic Systems), 63; Changes in the Number of Competitors and Supply, 102; Perfect Competition, ; Characteristics of Monopolistic Competition, ; Non-price Competition, 143; Price, Output, and Profits, 144; Topic 4 Assessment (5. Give Examples; 9. Describe Characteristics; 10. Give Examples; 11. Describe Characteristics), SE: Consumer Tastes and Advertising, 76; Non-price Competition, 143; Advantages of Franchises, 169 5

6 for, D: Explain the laws of supply and demand and how these affect the prices of goods and services E: Analyze the characteristics of economic expansion, recession, and depression F: Analyze the functions of private economic institutions in the national economy. SE: Fundamentals of Demand, 68-72; Shifts in Demand, 73-77; Elasticity of Demand, 78-84; Fundamentals of Supply, 85-90; Input Costs and Changes in Supply, 98-99; Changes in the Market Equilibrium, ; Prices at Work, ; Topic 3 Assessment (2. Understand the Effect of Changes in Price; 3. Understand the Effect of Changes in Price; 6. Interpret a Graph and Use Mathematical Skills; 7. Explain the Benefits of the U.S. Free Enterprise System), ; Supply, Demand, and the Labor Market, ; Labor and Skills, 192 SE: Tracking the Economy, 51-52; Encouraging Economic Strength, 52-53; Banking in the Early 1900s, ; Two Crises for Banking, ; The Great Crash and Beyond, ; Business Cycle Phases, ; Business Cycles in the United States, ; Measuring Economic Growth, ; Topic 7 Assessment (5. Interpret Economic Data and Analyze Information; 6. Analyze Business Cycles; 7. Interpret Economic Data), ; 21 st Century Skills: Analyze Cause and Effect, SE: The Reasons for Mixed Economies, 38-39; Sole Proprietorships, ; Partnerships and Franchises, ; The Characteristics of Corporations, ; Multinational Corporations, ; Nonprofits, ; Topic 5 Assessment (3. Explain and Analyze Sole Proprietorships; 4. Explain and Analyze Sole Proprietorships; 6. Explain Corporations and Create Oral Presentations; 8. Analyze Partnerships; 10. Explain and Analyze Corporations; 11. Explain and Analyze Partnerships; 12. Analyze Advantages; 14. Analyze Corporations),

7 for, G: Compare and contrast various economic systems. SE: Economic Goals of Society, 24-26; Free Markets, 27-32; Centrally Planned Economies, 33-37; Mixed Economies, 38-43; Benefits of Free Enterprise, 44-50; Topic 2 Assessment (2. Describe Answers to Economic Questions; 3. Describe and Explain Basic Characteristics of Economic Systems; 5. Examine Socialist Economic Systems; 6. Understand Terms that Describe the U.S. Economic System; 8. Explain Basic Characteristics of Economic Systems; 9. Explain the Benefits of Economic Systems; 17. Compare Economic Systems), 63-65; Moving Toward a Market Economy, ; 21 st Century Skills: Compare and Contrast, Area - 6.3: Functions of Government Grade Level : GRADE A: Analyze the process through which government provides public goods and services. SE: Public Goods, 56-59; Market Failures, 59; Externalities, 59-61; The Economic Goal of Equity, ; State Spending Categories, ; Local Government Spending and Revenue, B: Examine how and why the government acts to regulate and stabilize the state and national economy C: Compare and contrast the taxation policies of the local, state, and national governments. SE: The Economy of the United States, 41-42; Externalities, 59-61; Government Policies and Changes in Supply, ; The Role of Government, ; Government Regulation and Competition, ; The Fed s Roles: Serving the Government, ; The Fed s Roles: Serving and Regulating Banks, ; The Fed s Roles: Regulating the Money Supply, 231; How Fiscal Policy Decisions Impact the Economy, ; The Limits and Costs of the Fiscal Policy, SE: Understanding Taxes, ; Federal Taxes, ; State and Local Taxes and Spending, ; Topic 8 Assessment (5. Analyze Costs and Benefits; 6. Identify Economic; 9. Analyze Costs and Benefits and Transfer Information and Create Presentations; 10. Identify Economic Importance and Attribute Ideas and Information), ; 21 st Century Skills: Compare and Contrast,

8 for, D: Explain why governments limit or promote international trade. SE: Why Nations Trade, ; Trade Barriers and Agreements, ; Balance of Trade, ; A Growing Trade Deficit, ; Topic 10 Assessment (8. Analyze Impacts), 445 Area - 6.4: Economic Interdependence Grade Level : GRADE A: Explain how specialization contributes to economic interdependence on a national and international level. SE: Labor and Output, 91-93; Production Costs, 93-94; Why Nations Trade, ; Topic 10 Assessment (6. Apply Concepts; 14. Analyze Trade), B: Explain how trade contributes to economic interdependence C: Explain the scope and influence of multinational corporations and other non-government organizations D: Explain how the level of development of transportation, communication networks, and technology affect economic interdependence. SE: Comparative Advantage and World Trade, ; What Causes Globalization?, ; Topic 10 Assessment (3. Apply Concepts; 6. Apply Concepts; 7. Compare Effects of Trade; 8. Analyze Impacts; 14. Analyze Trade), SE: Multinational Corporations, ; Cooperatives and Nonprofits, ; Labor Unions, ; The Role of Multinationals, ; Multinationals: Analyze Charts, 424; Promoting Development, ; Challenges of Globalization, SE: Technological Progress, ; Topic 7 Assessment (15. Analyze Technology and Growth), 315; Resource Distribution and Specialization, ; The United States and Its Trading Partners, ; Indicators of Developed Nations, Area - 6.5: Income, Profit, and Wealth Grade Level : GRADE A: Define wages and explain how wages are determined in terms of supply and demand. SE: Wages and Benefits Trends, ; Supply, Demand, and the Labor Market, ; Labor and Skills, 192; Identifying Causes of Inflation, ; Wage-Price Spiral: Analyze Charts, 301 8

9 for, B: Describe how productivity is measured and identify ways in which a person can improve his or her productivity C: Identify and explain the characteristics of sole proprietorship, partnership, and corporation D: Analyze how risks influence business decision-making E: Define wealth and describe its distribution within and among the political divisions of the United States. SE: The Effectiveness of Capital, 6-7; Production Possibilities, 13-16; Topic 1 Assessment (14. Describe Economic Factors), 18; Supply, Demand, and the Labor Market, ; Capital Deepening, ; Topic 7 Assessment (14. Analyze Productivity and Growth), 315; Indicators of Developed Nations, SE: Sole Proprietorships, ; Partnerships and Franchises, ; Corporations, ; Topic 5 Assessment (3. Explain and Analyze Sole Proprietorships; 4. Explain and Analyze Sole Proprietorships; 6. Explain Corporations and Create Oral Presentations; 8. Analyze Partnerships; 10. Explain and Analyze Corporations; 11. Explain and Analyze Partnerships; 12. Analyze Advantages; 14. Analyze Corporations), SE: Costs of Production, 91-96; Barriers to Entry and Competition, ; Disadvantages of Sole Proprietorships, ; Disadvantages of Partnerships, ; Disadvantages of Franchises, ; Disadvantages of Incorporation, ; Disadvantages of Multinationals, 176; Topic 5 Assessment (8. Analyze Partnerships), 205 SE: The Reasons for Mixed Economies, 38-39; The Poverty Problem, 61-62; Price Ceilings, ; Price Floors, ; Labor and Skills, 192; Discrimination in the Labor Market, ; Additional Factors Affecting Wages, ; Household Income, ; The Economic Goal of Equity, ; The Importance of National Taxes, ; Social Security, Medicare, and Unemployment Taxes, ; Government Entitlements, ; Topic 8 Assessment (5. Analyze Costs and Benefits), 344 9

10 for, F: Examine leading entrepreneurs in Pennsylvania and the United States in terms of the risks they took and the rewards they received G: Compare and contrast the various financial tools available to savers H: Explain the impact of higher or lower interest rates for savers, borrowers, consumers, and producers. SE: NBC Learn (Andrew Carnegie, The Law of Competition), 127; NBC Learn (Warren Buffet, Investing for Value), 209 SE: Saving Money, 235; Investing, ; Bonds and Other Financial Assets, ; Stocks, ; Topic 6 Assessment (7. Examine Investment Options; 14. Explain Functions; 15. Analyze the Role; 21. Examine, Explain, and Assess Personal Investment Options), ; 21 st Century Skills: Compare and Contrast, SE: Two Crises for Banking, ; The Financial System, 242; Liquidity, Return, and Risk, ; Bonds as Financial Assets, ; Other Types of Financial Assets, 253; Topic 6 Assessment (15. Analyze the Role), 265; The Cost of Credit, 279; Saving and Investment, ; Interpreting Effects of Inflation, ; The Impact of Debt, ; The Basics of Monetary Policy,

11 , Grade 12 Subject Area - 6: Area - 6.1: Scarcity and Choice Grade Level : GRADE A: Predict the long-term consequences of decisions made because of scarcity. SE: Scarcity, 4-10; Topic 1 Assessment (1. Explain Basic Economic Problems; 2. Explain Scarcity; 3. Explain Basic Economic Problems; 6. Explain a Concept and Create Written Presentations; 11. Explain Scarcity), 17-18; Technological Progress, ; Resource Distribution and Specialization, ; Topic 10 Assessment (1. Describe and Explain Economic Factors), B: Evaluate the economic reasoning behind a choice. Evaluate effective allocation of resources for the production of goods and services C: Analyze the opportunity cost of decisions made by individuals, businesses, communities, and nations. SE: Scarcity, 4-10; Production Possibilities, 13-16; Topic 1 Assessment (5. Interpret Curves; 9. Describe Economic Factors; 12. Describe Economic Factors), 17-18; The Three Basic Economic Questions, 22-26; Tracking the Economy, 51-52; Public Goods and Externalities, 56-62; Topic 2 Assessment (2. Describe Answers to Economic Questions; 8. Explain Basic Characteristics of Economic Systems; 9. Explain the Benefits of Economic Systems), 64-65; Elasticity of Demand, 78-84; Supply, Demand, and the Labor Market, SE: Opportunity Cost, 10-11; Thinking at the Margin, 11-12; Changing Production Possibilities, 14-16; Topic 1 Assessment (4. Explain Economic Concepts; 7. Explain Economic Concepts; 10. Explain Economic Concepts), 17-18; Three Basic Economic Questions, 22-23; How Markets Self- Regulate, 30-31; The Reasons for Mixed Economies, 38-39; Increasing Demand, ; The Benefits of the Price System, ; Price, Output, and Purely Competitive Markets, 131; Charitable Donations, 311; The Absolute and Comparative Advantage, ; Comparative Advantage and World Trade,

12 , D: Predict how changes in incentives may affect the choices made by individuals, businesses, communities, and nations. SE: How Markets Self-Regulate, 30-31; The Features of Central Planning, 33-34; Disadvantages of Central Planning, 37; Basic Characteristics of Free Enterprise, 44-46; Key Roles in the Free Enterprise System, 46-47; The Benefits of the Price System, ; Topic 3 Assessment (12. Analyze the Importance of Economic Philosophers and Attribute Ideas and Information), 125 Area - 6.2: Markets and Economic Systems Grade Level : GRADE A: Evaluate the flow of goods and services in an international economy. SE: Two Communist Economies, 35-36; The United States and Its Trading Partners, ; Trade Barriers and Agreements, ; Exchange Rates and Trade, ; Changing Economies, B: Analyze the effect of changes in the level of competition in different markets C: Predict and evaluate how media affects markets. SE: Basic Characteristics of Free Enterprise, 44-46; Topic 2 Assessment (8. Explain Basic Characteristics of Economic Systems), 63; Changes in the Number of Competitors and Supply, 102; Conditions for Pure Competition, ; Price, Output, and Purely Competitive Markets, 131; Characteristics of Monopolistic Competition, ; Non-price Competition, 143; Characteristics of Oligopoly, ; Topic 4 Assessment (2. Describe Characteristics; 5. Give Examples; 9. Describe Characteristics; 10. Give Examples; 11. Describe Characteristics; 12. Describe Characteristics; 14. Describe Characteristics), SE: Consumer Tastes and Advertising, 76; Non-price Competition, 143; Advantages of Franchises,

13 , D: Predict how changes in supply and demand affect equilibrium price and quantity sold E: Evaluate the health of an economy (local, regional, national, global) using economic indicators F: Evaluate the impact of private economic institutions on the individual, the national, and the international economy. SE: Equilibrium and Price Controls, ; Changes in Market Equilibrium, ; The Price System, ; Topic 3 Assessment (6. Interpret a Graph and Use Mathematical Skills; 13. Identify Non- Price Determinants), ; Price, Output and Purely Competitive Markets, 131; Supply, Demand, and the Labor Market, ; Labor and Skills, 192 SE: Money Supply, ; Tracking Stock Performance, 260; Gross Domestic Product, ; Expectations Affect Spending, 279; Forecasting Business Cycles, ; The Unemployment Rate, ; Price Indexes, ; Components of the Index of Leading Economic Indicators, 382; Anticipating Business Cycles, ; Topic 9 Assessment (11. Interpret and Evaluate Economic Data), 386 SE: Sole Proprietorships, ; Partnerships and Franchises, ; The Characteristics of Corporations, ; Multinational Corporations, ; Nonprofits, ; Topic 5 Assessment (3. Explain and Analyze Sole Proprietorships; 4. Explain and Analyze Sole Proprietorships; 6. Explain Corporations and Create Oral Presentations; 8. Analyze Partnerships; 10. Explain and Analyze Corporations; 11. Explain and Analyze Partnerships; 12. Analyze Advantages; 14. Analyze Corporations),

14 , G: Evaluate various economic systems. SE: Free Markets, 27-32; Centrally Planned Economies, 33-37; Mixed Economies, 38-43; Benefits of Free Enterprise, 44-50; Topic 2 Assessment (2. Describe Answers to Economic Questions; 3. Describe and Explain Basic Characteristics of Economic Systems; 5. Examine Socialist Economic Systems; 6. Understand Terms that Describe the U.S. Economic System; 8. Explain Basic Characteristics of Economic Systems; 9. Explain the Benefits of Economic Systems; 17. Compare Economic Systems), 63-65; Changing Economies, Area - 6.3: Functions of Government Grade Level : GRADE A: Evaluate the costs and benefits of government decisions to provide public goods and services. SE: Public Goods, 56-59; Externalities, 59-61; The Poverty Problem, 61-62; The Effect of Population, Government, and Trade, ; The Economic Goal of Equity, ; State Spending Categories, ; Local Government Spending and Revenue, B: Assess the government's role in regulating and stabilizing the state and national economy. SE: Encouraging Economic Strength, 52-54; Productivity and the Role of Technology, 54-55; Government Policies and Changes in Supply, ; Government Regulation and Competition, ; Discrimination in the Labor Market, ; Additional Factors Affecting Wages, ; The Fed s Roles: Regulating the Money Supply, 231; The Effects of Population, Government, and Trade, ; The Economic Goal of Equity, ; The Importance of National Taxes, ; The Tax Burden, ; Budget Surpluses and Deficits, ; Measures to Control the Deficit,

15 , C: Evaluate the social, political, and economic costs/benefits of potential changes to taxation policies D: Evaluate the role that governments play in international trade. SE: Understanding Taxes, ; Federal Taxes, ; State Spending Categories, ; Revenue for State Budgets, ; Local Government Spending and Revenue, ; Topic 8 Assessment (6. Identify Economic), 344 SE: The United States and Its Trading Partners, ; Trade Barriers and Agreements, ; Exchange Rates and Trade, ; Growth in Asia Through Trade, ; Growth and Challenges in Africa and Latin America, ; Topic 10 Assessment (7. Compare Effects of Trade; 14. Analyze Trade), Area - 6.4: Economic Interdependence Grade Level : GRADE A: Evaluate the comparative advantage of nations in the production of goods and services. SE: Absolute and Comparative Advantage, ; Comparative Advantage and World Trade, ; The United States and Its Trading Partners, ; The Impact of Trade on Jobs, B: Assess the growth and impact of international trade around the world C: Evaluate the impact of multinational corporations and other non-government organizations D: Analyze how changes in transportation, communication networks, and technology affect economic interdependence around the world in the 21st century. SE: Comparative Advantage and World Trade, ; The United States and Its Trading Partners, ; The Impact of Trade on Jobs, ; Trade Barriers and Agreements, ; Growth in Asia Through Trade, ; Growth and Challenges in Africa and Latin America, SE: Multinational Corporations, ; Cooperatives and Nonprofits, ; Labor Unions, ; The Role of Multinationals, ; Multinationals: Analyze Charts, 424; Promoting Development, ; Challenges of Globalization, SE: Technological Progress, ; Topic 7 Assessment (15. Analyze Technology and Growth), 315; Resource Distribution and Specialization, ; The United States and Its Trading Partners, ; Indicators of Developed Nations,

16 , Area - 6.5: Income, Profit, and Wealth Grade Level : GRADE A: Analyze the factors influencing wages. SE: Elements of a Free Market, 28-29; Wages and Benefits, ; Labor Unions, 181; The Labor Force, ; Labor and Wages, ; Organized Labor, ; Labor and Management, ; Business Cycles in the United States, ; Capital Deepening, ; The Effects of Population, Government, and Trade, ; Unemployment, ; How Rising Prices Affect You, ; Interpreting Effects of Inflation, ; What Causes Poverty?, ; The Impact of Trade on Jobs, ; Challenges of Globalization, ; The United States and the Global Economy, B: Evaluate how changes in education, incentives, technology, and capital investment alter productivity. SE: Entrepreneurs Use Factors of Production, 5-7; Changing Production Possibilities, 14-16; How Markets Self- Regulate, 30-31; Basic Characteristics of Free Enterprise, 44-46; Key Roles in the Free Enterprise System, 46-47; Productivity and the Role of Technology, 54-55; Barriers to Entry and Competition, ; The Changing Labor Force, ; Labor and Skills, 192; Discrimination in the Labor Market, ; Savings and Investment, ; Technological Progress; ; The Economic Goal of Equity, ; Topic 7 Assessment (14. Analyze Productivity and Growth; 15. Analyze Technology and Growth), 315; The Recent History of U.S. Fiscal Policy, ; Indicators of Developed Nations, ; Obstacles to Development, ; Finance and Development; ; Challenges of Globalization

17 , C: Analyze the costs and benefits of organizing a business as a sole proprietorship, partnership, or corporation D: Analyze the role of profits and losses in the allocation of resources in a market economy E: Compare distribution of wealth across nations F: Assess the impact of entrepreneurs on the economy. SE: Sole Proprietorships, ; Partnerships and Franchises, ; Corporations, ; Topic 5 Assessment (3. Explain and Analyze Sole Proprietorships; 4. Explain and Analyze Sole Proprietorships; 6. Explain Corporations and Create Oral Presentations; 8. Analyze Partnerships; 10. Explain and Analyze Corporations; 11. Explain and Analyze Partnerships; 12. Analyze Advantages; 14. Analyze Corporations), SE: Why Do Markets Exist?, 27-28; Elements of a Free Market Economy, 28-29; Advantages of a Free Market, 31-32; Prices at Work, ; Changing Economies, ; The United States and the Global Economy, SE: Elements of a Free Market Economy, 28-29; Advantages of a Free Market, 31-32; Two Communist Economies, 35-36; Disadvantages of Central Planning, 37; Mixed Economies Today, 41; The Economy of the United States, 41-42; Basic Characteristics of Free Enterprise, 44-46; Topic 2 Assessment, (17. Compare Economic Systems), 65; Growth, Resources, and Development, ; Changing Economies, SE: Entrepreneurs Use Factors of Production, 6-7; Free Markets, 27-32; Advantages of a Free Market, 31-32; Benefits of Free Enterprise, 44-50; Productivity and the Role of Technology, 54-55; Setting Output, 94-96; The Role of Sole Proprietorships, ; The Characteristics of Partnerships, ; The Characteristics of Corporations,

18 , G: Analyze the risks and returns of various investments H: Evaluate benefits and costs of changes in interest rates for individuals and society. SE: Investing, ; Bonds and Other Financial Assets, ; Stocks, ; Topic 6 Assessment (2. Explain the Benefits; 7. Examine Investment Options; 17. Identify Loans, Evaluate Costs and Benefits, and Assess; 18. Examine Financial Accounts), SE: Two Crises for Banking, ; The Financial System, 242; Liquidity, Return, and Risk, ; Bonds as Financial Assets, ; Topic 6 Assessment (15. Analyze the Role), 265; The Cost of Credit, 279; Saving and Investment, ; Interpreting Effects of Inflation, ; The Impact of Debt, ; The Basics of Monetary Policy,