answer each of thethree question sets below, making sure to relate your answers to the concepts/ideas presented in the videos and your text chapters on "Exchange and Markets" and "Demand, Supply, and Market Equilibrium". You can bring in other information as you deem appropriate. You do not need to write a book in response but more than a few sentences will likely be needed for each question. Notice that numbers 2 and 3 have two parts so be sure to address both.

1. Is it more important to buy cheap (whether it's American or not) or to buy only American products? Defend your answer. (If you are not from the United States, you can substitute your home country for "American" if you wish.)

2. Are "sweatshop" jobs always bad? What might be the alternatives for the workers if the "sweatshop" jobs didn't exist? In the video economist David Henderson said, "The person who tries to get you fired is not your friend." What do you think of this quote?

3. How does the availability and purchase of foreign goods impact the home nation's producers and consumers? What are the benefits and/or drawbacks of this?