Questions

Discussion Questions for Free Trade vs. Protectionism 1. What are the best arguments for repeal of the Corn Laws in" rel="nofollow">in Britain" rel="nofollow">in at the end of 1845? 2. What are the best arguments again" rel="nofollow">inst repeal? 3. The campaign for repeal is not purely an economic movement. What else is in" rel="nofollow">involved? Be specific. 4. Why do you thin" rel="nofollow">ink the manufacturers end up agreein" rel="nofollow">ing to elimin" rel="nofollow">inate protection on manufactured goods? 5. What would it mean for a country to have an absolute advantage in" rel="nofollow">in both agriculture and manufacturin" rel="nofollow">ing? 6. What would it mean for a country to have a comparative advantage in" rel="nofollow">in agriculture but an absolute disadvantage in" rel="nofollow">in both agriculture and manufacturin" rel="nofollow">ing? 7. Did Britain" rel="nofollow">in have absolute advantage or just comparative advantage in" rel="nofollow">in 1845? Explain" rel="nofollow">in your reasonin" rel="nofollow">ing. 8. Do you thin" rel="nofollow">ink lower prices for food would affect the wages for workers in" rel="nofollow">in manufacturin" rel="nofollow">ing? Why or why not? 9. Do you thin" rel="nofollow">ink other countries would reduce their tariffs on imports of British manufactured goods if the British reduce their tariffs on imported grain" rel="nofollow">in? Why or why not? 10. Should Prime Min" rel="nofollow">inister Peel support total repeal of the Corn Laws at the end of 1845? Explain" rel="nofollow">in your reasonin" rel="nofollow">ing.