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International trade is a topic that is widely excepted as good by economists as well as the World Trade Organization. Why do you believe that it is such a controversial issue in politics?

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Darryn D'Souza
Darryn D'SouzaLv10
28 Sep 2019

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Related questions

How do international trade policies impact your life? Consider the following examples:

· What consumer benefits do you experience as a result of international trade policies? (For example, consider the availability of a wide range of low-cost, high-quality goods and services which are produced in other countries, such as cell phones and flat-screen televisions)

· As a voter, describe your concerns regarding international trade, such as the politics of free trade versus protection. Do you think tariffs or quotas should be imposed on imported goods to provide U.S. producers an even playing field?

· Finally, as an employee, describe your concerns regarding the loss of U.S. jobs, since international trade spurs job offshoring, and it also provides freer access to U.S. markets by foreign producers.

1. Explain what the terms of trade are in international trade.

2. What is the exchange rate in international trade?

3. What is the difference between a tariff and an import quota?

4. Do you believe the United States should impose international trade restrictions and why do you believe this?

Participate in a discussion with your classmates regarding how international trade affects our lives. You have a big stake in the politics of free trade versus international trade protections. As a buyer, your self-interest is hurt by tariffs and quotas on imported goods. Although, as an employee, your self-interest might be hurt by offshoring, or by freer access to U.S. markets by foreign producers. Discuss and share the trade policies that best serve your self-interests, and those that best serve the social interest. Please include the concepts and arguments pertaining to free trade versus trade protections.

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