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 Lesson 1: Protection vs. Free Trade 

Please read Chapters 1-4 in Protection or Free Trade

1. What must be done in order to improve the condition of all who work for a living?   (Chp. 1) 

2. If the question of protection vs. free trade can be decisively answered, why is it still so controversial?   (Chp. 1) 

3. What is the necessary relationship between sequence and causation?   (Chp. 2) 

4. Is it correct to assume that the growth and prosperity of the United States has been due principally to protection?   (Chp. 2) 

5. What is implied about labor when protection for it is advocated?   (Chp. 2) 

6. What is meant by protection as a national policy?   (Chp. 3) 

7. What does the protective theory imply about international relations?   (Chp. 3) 

8. How do most citizens of all countries react to the paying of customs? Why do they react in this way?   (Chp. 3) 

9. If the protective theory is valid, should it not be extended to include states, counties, cities, neighborhoods and even families?   (Chp. 3) 

10. Does a nation force its goods and services on another when it exports them?    (Chp. 4) 

11. What is the difference between a blockade and a tariff?   (Chp. 4) 

12. What long-term benefit is there to the consumer in buying domestically-produced goods, even if they cost more than imported goods?   (Chp. 4)