New Concepts:
- Free trade with diagrammatic analysis
- Types of protectionism with diagrammatic analysis
- Tariffs
- Subsides (Focused on Subsidies)
- Quotas (and quotas)
- Arguments for protectionism
- Arguments against protectionism
Resources:
Chapter 22 - Free Trade and Protectionism
Power Point - Protectionist Policies
Video - Advantages and Disadvantages of Protectionism
Video - Protectionism
This video will help explain diagrams
Video - Why do countries restrict trade?
Video - Types of trade restrictions
Also shows diagram analysis
Video - Why do countries restrict trade?
Video - Types of trade restrictions
Also shows diagram analysis
Homework:
None
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