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Based on the reading given below and in the pdf document labelled instructions,
Based on the reading given below and in the pdf document labelled instructions, please write an essay of 3-4 pages in APA format answering the following questions. It should also adhere to the learning outcomes as this essay would be part of a learning activity assignment, hence the outcomes are important.
Learning Outcomes
Upon successful completion of this unit, students will be able to
· explain and evaluate arguments for restricting international trade;
· explain the effects and consequences of international trade barriers;
· describe how different exchange rate systems operate, and the pros and cons of each system;
· discuss the factors that causes changes in exchange rates; and
· explain how the exchange rate can be used in macroeconomic policy.
Readings:
The Balance. Ann Logue. What is Trade Policy? (April 29, 2022). https://www.thebalancemoney.com/what-is-trade-policy-5217002
StudySmarter. Trade Policy. https://www.studysmarter.us/explanations/microeconomics/market-efficiency/trade-policy/
Government of Canada. Trade Policy 101. https://www.international.gc.ca/trade-commerce/trade_topics-domaines_commerce/policy_101_fondements_politique.aspx?lang=eng
International Trade Commission. Canada Trade Barriers. https://www.trade.gov/country-commercial-guides/canada-trade-barriers#:~:text=Particularly%20high%20tariffs%20for%20certain,dumping%20and%20countervailing%20duty%20measures
World Trade Organization. The WTO. https://www.wto.org/english/thewto_e/thewto_e.htm
Corporate Finance Institute. Protectionism. https://corporatefinanceinstitute.com/resources/economics/protectionism/
Economics Online. Trade Protectionism. https://www.economicsonline.co.uk/global_economics/trade_protectionism.html/
Focus Economics. Guarino, Arthur. The Economic Effects of Trade Protectionism (2018, March). https://www.focus-economics.com/blog/effects-of-trade-protectionism-on-economy/
Thinking Canada Volume 1 Issue 4.pdf (wilsoncenter.org)
Canada-U.S. Trade Disputes in Perspective: Challenges, not Crises
https://www.wilsoncenter.org/sites/default/files/media/uploads/documents/Thinking%20Canada%20Volume%201%20Issue%204.pdf
Unit 10 Exercise
Instructions:
Q. Write an essay in APA format that answers the following questions in 3-4 pages. Include appropriate citations and at least three relevant references.
a) From your readings on trade protectionism, explain which ONE type of trade restriction concerns you the most and why.
b) How would you characterize the trade relationship between Canada and the United States with respect to the level of protectionism they practice?
c) Discuss two major trade disputes between the two countries within the past five years, the arguments on each side, and any resolution that occurred.
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