Free trade in America
Should America encourage free trade with its trading partners or seek a more protectionist approach? Take a stand on this issue. It is not enough to argue BOTH sides of the issue. Support your opinion with good economic reasoning. Who benefits from your approach and who loses? Why? Include impacts on both American citizens and the citizens of the other countries with whom we (U.S.) trade. If your home country is outside the U.S. indicate the possible impact of your stand (favoring either free trade or trade protectionism) on your country. Some common search topics include employment, tariffs, quotas, and free trade agreements.
Sample Answer
I believe that America should encourage free trade with its trading partners. Free trade is the unrestricted flow of goods and services between countries. It is based on the principle of comparative advantage, which states that each country should specialize in the production of goods and services that it can produce more efficiently than other countries. This allows countries to trade with each other and benefit from each other’s strengths.
There are many benefits to free trade for America. First, it leads to lower prices for consumers. When goods and services can flow freely across borders, competition increases and prices go down. This is good for American consumers, who can save money on everything from clothes to electronics to food.