A lot has been said lately about bringing back manufacturing jobs to the United States. Use the information you learned so far to discuss the merits and pitfalls of the argument that the government needs to intervene to protect manufacturing jobs. Specifically, use the concepts of comparative advantage to lay the grounds for why american manufacturing is being sent overseas. Additionally, use the supply and demand model to explain how protectionist policies aimed at promoting the American manufacturing sector will affect the producers of manufactured goods and the consumers of these products and other products that may depend on the protected sector.
You may chose a specific product that has been affected by policy changes and discuss these effect using that product as an example. Feel free to cite any news articles you may have read regarding the effects of these policy changes.
Sample Solution