FREE TRADE: Directions: Answer the questions below as you watch the video on Free Trade. 1. What is free trade? What are the alternatives to free trade?

2. What does “dog-eat-dog” economy imply?

3. What is something you do every day out of your own self-interest that also benefits others? Explain.

4. Why weren’t all parts of the smartphone created in the same place?

5. Why would businesses ask the government for quotas, tariffs, or other trade restrictions?

6. How doe people’s changes in preference over time influence what businesses produce?

7. How does measuring the cost of a product by “hours worked” differ from just telling us the prices?

8. What are some items that in the past were luxuries but are now commonplace?

free trade

FREE TRADE: Directions: Answer the questions below as you watch the video on Free Trade. 1. What is free trade? What are the alternatives to free trade? 2.

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