Episode 48 of 60 · Financial Literacy: Cash Course
Make Trade, Not War
Grades 6th+
Geography — Economics & Financial Literacy · Economics — Economics & Financial Literacy · Financial Literacy · Economics · Economics — American Government · Captions
About This Video
Trade is a global affair—connecting people around the world through the exchange of goods and services, from chopsticks to jumbo jets. Perfect for high schoolers, this episode on international trade explains how exchange rates, specialization, and comparative advantage shape global commerce. Watch to discover how trade impacts economies, prices, and even your next shopping trip.
Standards Met in Ohio
- 9-12.EFL.9Grades 9th, 10th, 11th, 12thWhen regions and nations use comparative advantage to produce at the lowest cost and then trade with others, production, consumption and interdependence increase.
- AMG.9-12.21.lp.cGrades 9th, 10th, 11th, 12thEngage with currency
- EFL.9-12.3.cGrades 9th, 10th, 11th, 12thDistinguish between goods and services.
- EFL.9-12.9Grades 9th, 10th, 11th, 12thWhen regions and nations use comparative advantage to produce at the lowest cost and then trade with others, production, consumption, and interdependence increase.
- EFL.9-12.9.lp.dGrades 9th, 10th, 11th, 12thSort goods and services.