Participate in a discussion with your classmates regarding how international trade affects our lives. Review the “EYE on Your Life” caption titled, International Trade, on page 473 in the textbook. As noted in this caption, you have a big stake in the politics of free trade versus international trade protections. As a buyer, your self-interest is hurt by tariffs and quotas on imported goods. Although, as an employee your self-interest might be hurt by offshoring, or by freer access to U.S. markets by foreign producers. Discuss and share the trade policies that best serve your self-interests, and those that best serve the social interest. Please include the concepts and arguments pertaining to free trade versus trade protections as explained in the textbook when sharing your discussion.
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