Please refer to the titles Base Map, Map of Africa and World Map. V3087 Explains that in a modified free-enterprise society, prices for goods and services are set according to supply and demand, and when demand equals supply, the point of equilibrium has been reached.
Viewers also learn about the market clearing price.
Includes a discussion guide. Reviews the origins of today's interdependent world economy, with emphasis on post-World War II developments, including the Marshall Plan and other U.S. policies. Within this context, the program explores current trends and issues in international trade, including the United States' trade deficit, third world debt and liberalization in the communist world. Includes observations from economist Gail Fosler, President George Bush and former Secretary of State George C. Marshall. The discussion guide offers questions and activities.