World Demand and World Supply - Episode 2 of Understanding International Trade: The Basic Ideas

In Episode 1, our friend Joe Vandal exports potato chips to Mars and imports memory chips from Mars. What happens if you own a small farm like Roger and produce potato chips for the domestic market? Does Joe's world trade mission have an impact on your business? In this video we answer this question and explore the topic further as we follow Joe Vandal's adventures in international trade.