Generally speaking, do you think trade agreements between the US and other
countries are good for the nation’s economy, bad for the nation’s economy, or
don’t make much difference?
0- Bad, 1- Don’t make much difference, 2- Good
According to Caplan's results, the average response from the general public is 1.33, while the PhD economists are more confident, coming in at 1.87. My class, it turns out, is even more convinced about the virtues of trade agreements than the economists: none of them put "0- Bad," two of them answered "1- Don't make much difference", and the other 42 all said "2- Good," for an average score of 1.96.
Now, I thought half the point of a course like this is that I was supposed to hammer home the idea of comparative advantage and the gains from trade. But apparently it's closer to the opposite. So what am I supposed to teach them now?