The World is Flat worksheet

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The World is Flat - Thomas L. FriedmanChapter 5: America and Free Trade500 or 25 Prestige PointsName:__________________Who was David Ricardo? Summarize his famous free-trade theory.How is the world different now than it was in Ricardoʼs time?What is the simple message of this chapter?What is the lump of labor theory?Why is the theory wrong?What is the proof that the theory is wrong?What types of Americans will have trouble competing in this flat world?What must Americans do to be competitive in a flat world?Will an increase in knowledge based workers lead to a decrease in their pay? Explain.
The World is Flat - Thomas L. FriedmanWill an increase in manual labor jobs lead to a decrease in their pay? Explain.There may be a limit to the number of good _________ jobs in the world, but there is nolimit to the number of _________ generated jobs in the world.Are the Indians and the Chinese racing us to the “bottom” or the “top”? Explain.Why are free markets criticized by some?
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The World is Flat worksheet

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