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Macroeconomics, 9th Canadian Edition
Macroeconomics, 9/e
Campbell R. McConnell, University of Nebraska, Lincoln
Stanley L. Brue, Pacific Lutheran University
Thomas P. Barbiero, Ryerson University
The Gains from International Trade

Internet Application Questions



1

Go to: http://www.google.com and type in "free trade/Hoover". Look for the article "The Case for Free Trade", by Milton Friedman and Rose Friedman. It should be on the first page. Read the article, and answer the questions below:
  1. What are some of the arguments that have been forwarded in favor of Protectionism, according to Milton Friedman and Rose Friedman?
  2. How do the authors refute (present arguments against) each of the arguments for protectionism?

 
2

Go to: http://www.wto.org . Click "The WTO" at top. Also, go to: http://www.wto.org/english/thewto_e/whatis_e/tif_e/fact3_e.htm and answer the following questions:
  1. What is the World Trade Organization (WTO)?
  2. Briefly outline the WTO's case for open trade.

 




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