Step One: Explain what is meant by comparative advantage and specialization, and why countries are better off if they specialize and trade.

Step Two: Pick two countries and identify three goods or services that each should produce based on their respective comparative advantages.

Step Three: Provide three reasons often given for protectionism.

Step Four: Explain why the loss of manufacturing companies in the United States is compatible with the logic of free trade and might be considered a positive outcome.