Unit 10: International Trade


What’s in This Chapter? Imagine a country that discourages international trade because it believes that trading with other countries leads to a loss of domestic jobs. Similarly, imagine that within this country there are...

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Section 4: Protectionist Arguments and Rebuttals

Arguments to Support Protectionism Protectionism occurs when countries discourage imports of foreign goods and services by imposing tariffs, quotas or other trade restrictions. Five common arguments in support of protectionism...

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Section 6: Less-Developed Countries

Economic Conditions in Less-Developed Countries Less-Developed Countries (LDCs), or so-called developing countries, are mostly found in the continents of Africa, South and Central America, and parts of Asia. They have...

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Test Your Knowledge!

  Time limit: 0 Quiz-summary 0 of 10 questions completed Questions: 1 2 3 4 5 6 7 8 9 10 Information This is a ten question multiple-choice quiz covering the material in this Unit. I hope you do well! You have already...

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