ECONOMICS: May 1 Warm-up In general, why are exports and imports critical to the U.S. economy? Learning Target: In order to understand international trade.

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ECONOMICS: May 1 Warm-up In general, why are exports and imports critical to the U.S. economy? Learning Target: In order to understand international trade policy I will analyze trade restrictions and trade agreements. I will know I have it when I can: (1) list and explain the different types of trade barriers; (2) explain why nations may choose to pursue protectionist trade policy; (3) explain some reasons why many believe free trade is better than protectionism; and (4) explain the ongoing controversy surrounding NAFTA. Ch. 17, Lessons 1 & 2 Guide (HO from yesterday) --Trade Restrictions -tariffs; quotas; embargoes --Protectionists vs. Free Traders --NAFTA: -Trump’s Concerns—Potential Renegotiation? (3:01) Assignment Read Chapter 17, Lesson 3