Free trade or trade protectionism
Should America encourage free trade with its trading partners or seek a more protectionist approach? Take a stand on this issue. It is not enough to argue BOTH sides of the issue. Support your opinion with good economic reasoning. Who benefits from your approach and who loses? Why? Include impacts on both American citizens and the citizens of the other countries with whom we (U.S.) trade. If your home country is outside the U.S. indicate the possible impact of your stand (favoring either free trade or trade protectionism) on your country. Some common search topics include employment, tariffs, quotas, and free trade agreements.
Sample Answer
The debate over free trade vs. protectionism has been going on for centuries, and there are strong arguments to be made on both sides.
Free trade is the policy of allowing goods and services to flow freely between countries without government intervention. This means that there are no tariffs, quotas, or other barriers to trade. Free trade is generally seen as a way to promote economic growth and efficiency.
Protectionism is the policy of protecting domestic industries from foreign competition. This can be done through tariffs, quotas, or other barriers to trade. Protectionism is often seen as a way to protect jobs and businesses in the domestic market.