Instructions: In order to complete this assignment, I am asking you to read at least three sources of your choice (e.g., newspaper articles, academic articles, books, etc.) and report a full citation of your sources in your homework. For example:
Economic Scene; Protectionism Vs. Free Trade. The New York Times, 1983 accessed at https://www.nytimes.com/1983/04/08/business/economic-scene-protectionism-vs-free-trade.html on Aug 23 2018.
Marco Rubio: To Fight China on Trade, We Need More than Tariffs. The New York Times, 2018 accessed at https://www.nytimes.com/2018/03/13/opinion/rubio-china-trade-tariffs.html on August 24th 2018.
Reagan Protectionism vs. Trump Protectionism. The Wall Street Journal, 2018 accessed at https://www.wsj.com/articles/reagan-protectionism-vs-trump-protectionism-1520030512 on August 24th 2018.
Instructions (continued): Answer the questions below
- What is economic system? List different types of economic systems. In a few sentences describe how economic system in the US is different from China.
- In the table below, list one or more arguments in support of free trade and one or more arguments in support of protectionism.