What do you think? Instead of moving so many jobs overseas to other countries, why doesn’t America just make everything here at home?

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Presentation transcript:

What do you think? Instead of moving so many jobs overseas to other countries, why doesn’t America just make everything here at home?

Benefits from Trade Specialization Concentrating on one good/service, allows you to get really good at making that good/service.

What would happen if a country refused to trade? They could not specialize and would be less efficient than they could be

Benefits from Trade 2. Greater Choice

Benefits from Trade Increased competition Trade forces companies to be more efficient and have lower costs

Benefits from Trade 4. Lower prices for consumers

Benefits from Trade 5. Helps us get needed resources

Benefits from Trade 6. Allows our country to buy foreign money (which you need to buy their stuff)

Benefits from Trade 7. Spread of technology/ideas

Benefits from Trade Promotes peace (possibly) Countries that are trading partners are less likely to go to war

Benefits from Trade 9. Allows us to have economic growth