Arguments for and Against Trade Barriers
Debating the economic and political justifications for and against protectionism.
Key Questions
- Analyze the infant industry argument for protectionism.
- Critique the national security argument for imposing trade barriers.
- Evaluate the overall economic welfare implications of free trade versus protectionism.
Ontario Curriculum Expectations
Suggested Methodologies
Ready to teach this topic?
Generate a complete, classroom-ready active learning mission in seconds.
More in The Global Economy
Why Nations Trade
Understanding the fundamental reasons why countries engage in international trade.
2 methodologies
Absolute Advantage
Defining absolute advantage and identifying which country can produce more of a good with the same resources.
2 methodologies
Comparative Advantage and Specialization
Understanding why nations trade and how specialization increases global production.
2 methodologies
Tariffs and Quotas
Examining the effects of tariffs and quotas as common trade barriers.
2 methodologies
Other Trade Barriers
Exploring non-tariff barriers to trade, such as subsidies, regulations, and embargoes.
2 methodologies