Lesson 13 Lesson 13: Trade
Presented by: Dr. Daniel Hammond
Wake Forest University
The Propensity to Truck, Barter, and Exchange
The foundation for economic growth is trade. People trade because they expect it to improve their well-being. However, trade can be costly, and barriers can thwart progress. In this lesson you will learn about the major benefits of trade, and about the obstacles to exchange countries often erect that reduce prosperity for all.
Lesson Thirteen Quiz
Test Your Understanding of Lesson Thirteen
James Gwartney, et.al
People achieve higher incomes when they are free to trade with people in other countries.
The Propensity to Truck, Barter, and Exchange, Part 2, with Dr. Daniel HammondPlay Now
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James Gwartney et al., Common Sense Economics, pp. 84-103. (Textbook)Read Now