First, go back and review/reread some material from the start of the course in textbook chapter 2:2 Choice in a World of Scarcity
Next, read the following chapters.
- 19 International Trade
- 20 Globalization and Protectionism
- Introduction to Globalization and Protectionism
- 20.1 Protectionism: An Indirect Subsidy from Consumers to Producers
- 20.2 International Trade and Its Effects on Jobs, Wages, and Working Conditions
- 20.3 Arguments in Support of Restricting Imports
- 20.4 How Governments Enact Trade Policy: Globally, Regionally, and Nationally
- 20.5 The Tradeoffs of Trade Policy
- Key Terms
- Key Concepts and Summary