Knowledge Indicators - The competent business, marketing, and computer education teacher:
5A. understands the basic features of different economic systems.
5B. understands the major features of the U.S. economy.
5C. understands the role of exchange and money in an ec onomic system.
5D. understands the role of government in an economic system, especially the role of government in the U.S. economy.
5E. understands the role of international trade and investment and international monetary relations in the global economy.
5F. understands the different consumer agencies that address consumer issues and concerns.

Performance Indicators - The competent business, marketing, and computer education teacher:
5G. identifies opportunity costs and trade-offs involved in making choices about how to use scarce economic resources.
5H. explains why societies develop economic systems.
5I. describes the effect of interdependence on economic activity.
5J. describes different types of competitive structures and illustrates the role of competitive markets in the U.S. and other economies.
5K. examines the importance of economic relationships among nations.
5L. applies problem-solving skills to consumer economic principles of purchasing auto, health, and life insurance, food, clothing, and recreation.
5M. demonstrates financial decision making in the areas of budgeting and investing (stock market, precious metals, jewelry, and collectibles), and taxes.
5N. chooses among checking and savings options offered by banks and credit unions.