Question

american jobs are being lost to overseas labor markets. others believe that international trade creates new jobs in the united states. now that you have completed this chapter, you should better understand the value of international trade, but how do others feel about it? talk to at least five (5) people you know and ask their opinions. do not record their names, but bring the results of your survey to class to share. here are some questions that you might ask.

1. do you believe there are advantages for the united states in trading with other nations? why or why not?
2. do you think international trading increases an understanding of other cultures? if so, how?
3. do you believe that american jobs are lost because of importing? why or why not?
4. do you believe that the north american free trade agreement (nafta) and other free trade agreements are good for the u.s. economy? why or why not?
5. do you think the united states should place an embargo on certain goods or on goods from certain countries? if so, what goods, what countries, and for what reasons?
6. do you buy goods made in other countries? if so, what do you buy and why?
7. do you think it is possible in todays marketplace to only “buy american”? why or why not?
8. if you are employed, is your employer involved in international trade? if so, in what way?

answers will vary. results can be analyzed in class discussions or as a group activity.

Explanation:

These questions pertain to public - opinion on international trade, which involves economic concepts and public perception. They aim to gather different viewpoints on the advantages and disadvantages of international trade for the US, impacts on jobs, and views on trade agreements and policies.

Answer:

1. Responses will vary based on individuals' understanding and beliefs about international trade. Some may point to access to a wider variety of goods, lower prices due to competition, and new markets for US products as advantages. Others may be concerned about job losses and trade deficits.
2. Some may argue that international trading increases cultural understanding as people interact with products and companies from different cultures, leading to exposure to new ideas, values, and ways of life. For example, buying imported food products can introduce people to different culinary traditions.
3. Opinions will differ. Some may believe that importing leads to job losses in industries where cheaper foreign - made goods compete with domestic products. Others may argue that the overall economic benefits of importing outweigh the job losses in specific sectors.
4. Views on NAFTA and other free trade agreements will vary. Supporters may claim that they boost economic growth, increase exports, and create jobs. Opponents may point to job losses in certain industries and negative impacts on domestic producers.
5. Responses will depend on individuals' political and economic views. Some may advocate for embargoes for reasons such as national security, human rights concerns, or to protect domestic industries. They may suggest embargoes on goods like high - tech products from certain countries seen as security threats.
6. People's responses will vary. Some may regularly buy imported goods for reasons such as price, quality, or unique features. For example, many people buy imported electronics due to their advanced technology.
7. Opinions will differ. Some may think it is difficult or impossible to only "Buy American" due to the global nature of the supply chain and the unavailability of certain products domestically. Others may believe it is possible with effort and a willingness to pay higher prices or accept limited product choices.
8. Responses will vary among employed individuals. Some may work for companies that export products, import raw materials, or have international partnerships as part of their involvement in international trade.