Question

Name two arguments that support international trade.

Name two arguments for protectionism, that do not support international trade.

In your opinion, does international trade help or hurt the world?

In your opinion, does international trade help or hurt the USA?

Answer 1

-The two arguments that support international trade are

1. More choice for the consumers

2. Higher efficiency by local producers to compete with international producers

-The two arguments for protectionism, which do not support international trade are

1. Increase the chances of dumping

2. May force local producers out of the market

-International trade can bring about both positive and negative impacts on the world and on USA

On one side it will generate more opportunities for employment, at the same time it will harm those countries which are relatively poor and do not have as advanced resources as the rest of the world.

It will also cause the currency of USA to fluctuate causing economic problems.

Answer 2

(Two arguments that support IT) - 1: people will still continuing to vote or trade other countries, 2: people will get good wages with their trades. (Two arguments that do not support IT) - 1: upon their trades, they will get high taxes, 2: some people trades that was stolen from the society. In my opinion the world and the USA are usually similar, in fact USA will eventually hated the IT because the Russians and its friends and at Middle East still continuing and make an agreement to other neighbor countries and the worst part they are still continuing trading weapons, or parts of the nuclear weapon.