9th-12th Grade

GH.5.1: Explain how social changes and economic factors have impacted the physical environment, including: The tourism industry; The influx of immigrants; U.S. military build-up

GH.5.2: Explain the structure and operation of the Guam economy, including the following: Development of major industries that contributed to the economic growth of Guam and its modernization; The changes in the types of jobs and occupations that have resulted from the modernization of Guam; The impact of national and international markets and events on the production of goods and services; Economic alternatives other than the military and tourism; The role of the federal government in the economy

WG.5.1: Categorize the types of natural, human, and capital resources and explain their significance, including: Their influence on patterns of economic activity and land use; Different perspectives and consequences regarding the use of resources

WG.5.2: Compare and contrast developed and developing countries and relate their level of economic development to their standard of living and quality of life.

WG.5.3: Discuss the advantages and disadvantages of economic interdependence, including the formation of economic unions.

WH.5.1: Explain how causes of wars are related to economics.

WH.5.2: Compare the relationship between and among contemporary countries with differing economic systems.

WH.5.3: Describe the interrelationship of world economies today.

US.5.1: Analyze the effects of economic policies on the U.S. Example(s): Open Door Policy, Dollar Diplomacy

AG.5.1: Compare and contrast the governments and economies in various countries with the government and the economy in the U.S., including the following: The distribution of governmental power; The relationship between the legislative and executive branches; The extent of participation in the political process; The degree of government involvement in the economies

AG.5.2: Examine various economic systems, including the following: The basic economic questions encountered by all economic systems; The characteristics of free market, command, and mixed economies, as described by Adam Smith and Karl Marx; The impact of the government's role in the economy on individual economic freedoms; The relationship between economic freedom and political freedom; Productivity and the standard of living, as measured by key economic indicators

AG.5.3: Analyze the role of government in the Guam and U.S. economies, including the following: The impact of fiscal and monetary policies on the economy; The creation of government-provided goods and services that are not readily produced by the market; Environmental issues, property rights, contracts, consumer rights, labor management relations, and competition in the marketplace; The types and purposes of taxation