Distribution of costs and benefits of free trade. In other words, does everyone share in the gains and the costs equally?
Competing with different labor restrictions (or lack thereof), such as slave or child labor.
Differences in environmental standards
Research trade between the United States and another country in any one of the following areas: customer support services, garments, medical services, or technical products.
How is this trade arrangement beneficial? Explain.
Are there any aspects of this trade arrangement that may be considered unfair, i.e. labor conditions or environmental conditions?
Explain key microeconomic terminology.
Create and use economic graphs and numerical models to analyze and solve microeconomic problems.
Compare and contrast optimal pricing and output decisions in various market structures.
Apply supply and demand theory to both product and factor markets.