Hey guys, i have asessment in week 5 on free trade. I was curious if you have any essay liek question in the extended response for me to practice on.
Free trade and protection
Free trade and protection
• the basis of free trade — its advantages and disadvantages
• reasons for protection
– infant industry argument
– domestic employment
– dumping
– defence
• methods of protection and the effects of protectionist policies on the domestic
and global economy
– voluntary export restraints
– tariffs
– subsidies
– quotas
– local content rules• reasons for protection
– infant industry argument
– domestic employment
– dumping
– defence
• methods of protection and the effects of protectionist policies on the domestic
and global economy
– voluntary export restraints
– tariffs
– subsidies
– quotas