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 Solution
America should encourage free trade with its trading partners. Free trade is beneficial for the citizens of both countries, as it allows for an increase in global efficiency and a decrease in the cost of goods and services. Specifically, American citizens can benefit from an increase in quality imported goods at lower costs due to cheaper labor abroad. This can help to stimulate economic growth by increasing consumer spending power, particularly on basic items like food or clothing. Furthermore, free trade also helps to create new jobs domestically through increased foreign investment that accompanies increased demand from abroad.