Unit 1: Economics and Globalization

Lesson 20a: Why We Trade - Comparative Advantage

Something Interesting - Why are we studying this?

 

Read the first four paragraphs of The Mystical Power of Free Trade.

After studying this lesson you should understand:

- why "society benefits from allowing its citizens to buy what they wish--even from foreigners." (i.e. the gains from trade),

- and why "people resist this conclusion, sometimes violently"

 

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Lesson 20a