Florida SS.7.E.3
Florida Standard (Benchmark Cluster)
Understand the fundamental concepts and interrelationships of the United States economy in the international marketplace.
Florida Next Generation Sunshine State Standards for Social Studies
Cluster contents
Benchmarks in This Standard
SS.7.E.3 is a Florida social studies standard. These are the benchmarks under it.
- SS.7.E.3.1
Explain how international trade requires a system for exchanging currency between and among nations.
- SS.7.E.3.2
Assess how the changing value of currency affects trade of goods and services between nations.
- SS.7.E.3.3
Compare and contrast a single resource economy with a diversified economy.
- SS.7.E.3.4
Compare and contrast the standard of living in various countries today to that of the United States using gross domestic product (GDP) per capita as an indicato...
Teacher's field guide
What This Cluster Means
What Students Need to Do
- Students explain how imports, exports, specialization, trade, and exchange rates connect the United States with other economies. They examine how trade choices affect prices, jobs, businesses, and consumers.
What Mastery Looks Like
- Students can trace a product from production to sale across several countries. They can predict how a tariff, currency change, or supply disruption could affect American consumers and businesses.
Common Misconceptions
- Students may think imports always harm the economy and exports always help it. They may also think a trade deficit means a country is losing money, or that foreign producers pay all tariff costs.
How to Assess It
- Give students a scenario where the United States adds a tariff to imported shoes. Ask them to explain one likely effect on prices, consumers, and American shoe companies.
Lesson moves
Ways to Teach It
Give pairs five product labels; students identify origin countries, sort each item as an import, and connect origins to Florida on a map.
Ask students to write: How can buying an imported shirt affect American consumers, workers, businesses, and trading partners?
Run a trade game where groups exchange resource cards, then add a tariff card and record who gains, loses, or pays more.
Students trace a smartphone's parts, assembly, shipping, and sale, then explain how American buyers and firms depend on several countries.
Keep exploring
Related Standards
- SS.8.E.3
The 8th Grade version of this standard.
- SS.7.E.2
Understand the fundamental concepts relevant to the institutions, structure, and functions of a national economy.
- SS.6.E.3
The 6th Grade version of this standard.
- SS.6.E.2
Understand the fundamental concepts relevant to the institutions, structure, and functions of a national economy.
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