Macroeconomics
Analyze how protectionism can impact domestic consumers and producers.
Why is it important to distinguish between positive and normative statements in economic discussions?
What is one benefit of economies of scale in international trade?
What is a potential downside of the government using the infant industry argument to protect new industries?
What is a likely outcome of increased competition in a global market?
How does the concept of comparative advantage relate to the jobs argument against international trade?
Which of the following is an example of a national security concern in international trade?
How might foreign subsidies affect domestic markets according to the unfair competition argument?
How can foreign subsidies be viewed as beneficial to domestic consumers?
How does international trade contribute to the spread of technology?
