Read Exploring Business – Chapter 3.4.

Watch video on trade barriers.

Watch video on free trade vs. protectionism.

Learning Targets:

• I can differentiate between the three types of trade barriers: tariffs, quotas and embargo.
• I can define the terms: protectionism and dumping.
• I can formulate an opinion on whether governments should support free trade and refrain from imposing regulations that restrict the free flow of products between nations or whether some level of trade regulation should be imposed.