Unit 1: Markets are Efficient, Except . . . Intro to Microeconomics

Lesson 2a: Market Economies and Trade

Something Interesting - Why are we studying this?

 

The Gains from Trade:

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. free trade helps society),

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

 

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Lesson 2a