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Explain free market and free trade

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Reference no: EM132501705

Question: Watch the video: Free Trade Creates Prosperity (By John Stossel) and answer the following questions

1.) John Stossel says the free market creates more winners than losers. Is it worth having free trade even if some people lose? Do we need restrictions on trade? Why or why not?

2.) Explain "free market" and "free trade."

3.) Is it wrong for companies to hire workers overseas instead of in our own country? Why or why not?

4.) What is a "trade deficit"? Do some research. Why does John say it's not something to worry about? Do you agree or disagree? Explain why.

Reference no: EM132501705

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