Protectionism

Protectionism

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Multiple Choice

Why do we put restrictions on trade?

• To protect our companies

• Because we make the best stuff

• Dollars are worth more than Euros

Multiple Choice

Why would we not want to import weapons?

• Too expensive

• Foreign weapons don't work

• Protect national security

Multiple Choice

Which two would/could make the price of foreign goods more expensive?

• tariff

• quota

• embargo

Open Ended

What tariffs, quotas, and embargoes do the United States have? (5 each)

Why do you think they have trade barriers on those things or countries?

Multiple Choice

Which of the following is not a reason that free trade can be a benefit?

• Competition forces businesses to be better

• Creates new jobs

• Promotes cultural understanding and comradery

• Shipping is cheap