What are two weaknesses in the buy local argument?
Two of the weaknesses in the argument is that there is not a variety of products and that prices will be higher.
After watching the video are you still going to make an effort to buy local on occasion? Why or why not?
I personally am not a enthusiast of buying locally. When I do buy locally is mainly produce. It is definitely better and it makes you feel better that you are contributing to the local economy but being able to find a variety or all the products that you wished is hard. I agree with the video that local products are more expensive so “we voluntarily make ourselves poorer.”
What economic strengths of buy local are not mentioned in the video?
That supporting local businesses gives more money to the local economy because the sale taxes go in the local economy.
From the perspective of Colorado, is trade with Wyoming different from trade with China? Why or why not? Keep in mind that Colorado doesn’t trade with Wyoming. Individuals in Colorado purchase items produced in Wyoming
It is definitely different. A trade with China would be an international trade while with Wyoming would be within the United States and it would help the USA economy. Also, Wyoming is closer to Colorado, making it easier and more faster for the products to get to their destination. On the other hand, China is a country, and is much bigger than Wyoming therefore it has a lot more to “offer”, there is more variety. So, it has its cons and pros.
Netsy's Thoughts 