1. AP Economics Lesson Plan

2. Restricting International Trade
Tariffs (Tax on Imports)
Quotas
Protective
Revenue
Limits
Dumping
High enough tariff to protect less-efficient domestic industries
Designed to stop trade.
High enough to generate revenue but doesn’t prohibit imports
Limit the number of imports
Makes Imports more expensive because of a lesser supply.
Selling products abroad for less than it costs to produce at home.

3. Arguments for Protection
National Defense – a country might not be able to get critical supplies during war
Promoting Infant Industries – New industries need protection before they can compete.
Arguments for Protection
Protecting Domestic Jobs – This is political issue, not an economic issue.
Keep the money at home – the Multiplier Effect would work in the U.S. then.
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4. Activity: Race to the Bottom

5. Group 1
Group 2
Group 3
Group 4
Group 5
Group 6
Group 7
Group 8
Group 9
Group 10
Round 1
Round 2
Round 3
Round 4
Round 5
Total