Answer:
Step-by-step explanation:
As necessary, introduce the lesson by presenting these points: If asked, most Americans would say they favor a government policy that increases their own prosperity as well as helping those who live in other countries, especially poorer countries. There is such a policy, but many Americans oppose it because they don’t understand basic economics. The policy is free international trade. Through international trade, Americans are free to exchange goods and services with people in other countries. Free international trade increases wages in all countries, especially low wage countries, by creating more productive jobs everywhere. The advantages of international trade are based on the theory of comparative advantage, which is one of the best-established and widely accepted (by economists) theories in economics.
This lesson will help students understand that international trade does not destroy job opportunities in America, as some people fear. As a result, the students will understand that voluntary exchange between countries is a good policy because it creates more productive jobs that pay higher wages by motivating workers to specialize in producing the goods in which they have a comparative advantage. It is true that international trade will eliminate some jobs, which harms some workers, at least in the short-run. But even those workers who are harmed because they lose their jobs and have to find new ones would be worse off if everyone’s job was protected against the competition of international trade.