Trade Barriers

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Slide 1: Video
EconomieSecondary Education

This lesson contains 18 slides, with interactive quizzes, text slides and 2 videos.

Items in this lesson

Slide 1 - Video

Chapter 17
Section2: Trade Barriers
Page 520-525

Slide 2 - Slide

Objectives
Identify protectionism
Analyze the arguments for protectionism
Discuss the applying of economic concepts


Slide 3 - Slide

Questions
Considering all the disadvantages of trade barriers, why would a country enact such  laws?

Slide 4 - Slide

0

Slide 5 - Video

What is the use of trade
barriers between nations to protect domestic industries?
A
Infant industries
B
Domestic trade
C
Trade Barriers
D
Protectionism

Slide 6 - Quiz

What new industries that are often unable to compete
against larger, more established competitors.?
A
Trade Barriers
B
Protectionism
C
infant industries
D
Domestic trade

Slide 7 - Quiz

Arguments for protectionism
1.Argument for domestic jobs
2.Argument for protecting infant industries
3.Protecting national security

Slide 8 - Slide

What are the trade-offs in using protectionist policies to protect domestic jobs and infant industries?

Slide 9 - Mind map

Answer
higher prices for consumers,
continued inefficiencies)

Slide 10 - Slide

In the examples on page 524 of the Chinese
bid for an energy company and a bid by a Dubai company for port facility control, was the outcome one you would support? Why or why not?

Slide 11 - Open question

Do you think that political pressure for protectionist trade barriers rises or falls during a recession? Explain your answer. ​

Slide 12 - Mind map

It would likely rise in an effort to protect already threatened jobs.

Slide 13 - Slide

If you were the CEO of a manufacturing company facing stiff foreign competition, what are some ways you could adjust your business to stay competitive? What are the advantages and disadvantages of these changes?​

Slide 14 - Open question

Applying economic concepts
 A trade agreement between Kenya and some nations
in Europe requires Kenyan farmers, most of whom have small  peasant farms, to comply with 400 conditions before they can  export their produce to European countries.They must be able to  document the fertilizers, pesticides, and other additives used in  the growing of their crops. How would you categorize this trade  restriction? What impact do you think it will have on Kenyan  exports and prices in the European nations?​

Slide 15 - Slide

Answer here for above question.

Slide 16 - Mind map

Answer
This is an informal trade barrier. It is likely to
significantly reduce trade between Kenya and
EU because of the difficulty of compliance, and
EU prices will likely remain high.​

Slide 17 - Slide

What can you say about the lesson ?

Slide 18 - Mind map