Tuesday, May 5, 2015

CatherineDustrude • Chapter 12 • question 6

Just like Betsy and Bert essentially traded tasks,or divied up the workload, we trade with other countries, and divie up the work load. This chapter further clarified how trading can help so much in an economy, because it effectively answers each of the three main thoughts of economics: what do we make, how do we make it, who gets it. We make what will benefit us with the least opportunity cost, we make it with what we have easy access to, and those who get it, are those who have something we want and then we trade. It seems absurd to me now, after knowing this, how any person could think that trading is not beneficial. It seems like a no-brainer. 
I also was grasped by the statement, "the antiglobalization coalition ought to be known as 'The Coalition to Keep the Worlds Poor People Poor'", because if we don't trade with the poor they will never be able to grow, and they will always be poor. 

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