Read Chapter 19 – Issue: International Trade

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Content:

Opening story: The red paperclip – 935

Introduction to  the Issue – 937

Quick Activity: “Where is the firm headquartered?” – 938

Expanding the Models – 951

Shared Tools: Law of Comparative Advantage – 951

Conventional Theory Tools: Consumption possibilities curve (CPC) – 954

Conventional Policies – 961

Liberal Policy: Strengthen trade protections – 961

Conservative Policy: Free trade – 962

Radical Theory Tools: Unhealthy communities and healthy communities – 963

Radical Policy – 968

Radical Policy: Fair trade; collaboration – 968

Discussion story: The Nestlé corporation – 971

Understanding the Issue – 974

Exercise 19.1: International Trade Bingo – 984

Voices on International Trade – 986

• Liberal: Voice, Summary, Talking Points – 987

• Conservative: Voice, Summary, Talking Points – 994

• Radical: Voice, Summary, Talking Points – 1001

The Shared Outcome – 1008

Three-in-One Activity: “Let’s Make a Deal!” – 1009

Re-Vote – 1019

Test Yourself, Key Terms, Answer Key – 1019