Episode 30 of 100 · 5-Minute Videos
What’s Not Fair about Free Trade?
Grades 7th–8th
Economics — Economics & Financial Literacy · Financial Literacy · Economics · Government · Economics — Contemporary World Issues · Captions
About This Video
What benefits the world economy more: government-imposed trade regulations or the free exchange of ideas and commerce? For Daniel Hannan, president of the Institute for Free Trade, freedom always wins.
Standards Met in Ohio
- 7.E.21Grades 7thThe growth of cities and empires fostered the growth of markets. Market exchanges encouraged specialization and the transition from barter to monetary economies.
- 9-12.CWI.20Grades 9th, 10th, 11th, 12thTrade agreements, multinational organizations, embargoes and protectionism impact markets.
- 9-12.EFL.9Grades 9th, 10th, 11th, 12thWhen regions and nations use comparative advantage to produce at the lowest cost and then trade with others, production, consumption and interdependence increase.
- CWI.9-12.20Grades 9th, 10th, 11th, 12thTrade agreements, multinational organizations, embargoes, and protectionism impact markets.
- EFL.9-12.10.cGrades 9th, 10th, 11th, 12thIdentify exports and imports.
- EFL.9-12.9Grades 9th, 10th, 11th, 12thWhen regions and nations use comparative advantage to produce at the lowest cost and then trade with others, production, consumption, and interdependence increase.
- SS.7.21Grades 7thThe growth of cities and empires fostered the growth of markets. Market exchanges encouraged specialization and the transition from barter to monetary economies.