![OpenStax Principles of Macroeconomics 2e](https://img.oercommons.org/160x134/microsite-oh-prod/media/courseware/course/image/courseware-courseware-13.png)
- Material Type:
- Full Course
- Provider:
- Rice University
- Provider Set:
- OpenStax College
- Date Added:
- 06/29/2017
By the end of this section, you will be able to:
Explain and analyze various arguments that are in support of restricting imports, including the infant industry argument, the anti-dumping argument, the environmental protection argument, the unsafe consumer products argument, and the national interest argument
Explain dumping and race to the bottom
Evaluate the significance of countries’ perceptions on the benefits of growing trade
By the end of this section, you will be able to:
Explain protectionism and its three main forms
Analyze protectionism through concepts of demand and supply, noting its effects on equilibrium
Calculate the effects of trade barriers
By the end of this section, you will be able to:
Explain historical patterns of unemployment in the U.S.
Identify trends of unemployment based on demographics
Evaluate global unemployment rates