In 200 words or less, evaluate (agree or criticize) the following statement:
“The theory of comparative advantage (and the associated projected economic gains from free trade) is a well-known economic theory, but what happens in the real world is closer to the opposite. If, as the result of free trade, some American workers lose their jobs, this can hardly be a sensible economic strategy for our country. Indeed, we will maximize economic opportunity (and the rate of economic growth) for the U.S.A. if we preserve American jobs by imposing tariffs and repealing our trade agreements with other countries.”
Steps to follow in completing this assignment:
- Consulting your text and any other source you would care to cite, and prepare your answer using the word processor of your choice. [200 words is a general guideline, not a rigid limit.]
- Post your response to this question in D2L in the Chapter 3 Assignment DROPBOX no later than midnight on Sunday, February 15, 2015.