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Specialization and Trade – Naked Economics

Specialization and Trade – Naked Economics. What would life be like without trade? Analyze Paul Krugman’s (the author of our text) quote on pages188-89 regarding trade. Why does he feel that supporting free trade/globalization will guarantee hate mail?

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Specialization and Trade – Naked Economics

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  1. Specialization and Trade – Naked Economics • What would life be like without trade? • Analyze Paul Krugman’s (the author of our text) quote on pages188-89 regarding trade. Why does he feel that supporting free trade/globalization will guarantee hate mail? • Define globalization and cultural homogenization. • According to the author what is the bottom line as to why we trade? • __________ makes us rich. ___________ allows us to be productive. ________ allows us to specialize. (pg. 191)

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