Principles of Microeconomics - Writing Assignment 1: Free Trade or Fair Trade?

Assignment Overview: This assignment is designed to introduce you to opposing views about free trade, as well as provide you with real-life examples of trade-related policies and their implications.

Relevant Readings: Taking Sides: "Is Fair Trade Policy Superior to a Free Trade Policy?"

Relevant Podcast: Planet Money: "Revenge of the Tariffs"

0 Points You did not submit an assignment. 5 Points Any of the following are true: - Your summary of both positions incorrectly describes their arguments. - Your description of what both parties agree or disagree on displays a misunderstanding of their positions. - Your idea for data collection or an experiment is not related to your response in #4- or would be extremely difcult to implement. - Your description of a key argument in the podcast displays a lack of comprehension. 8 Points Any of the following are true: - Your summary of both positions misses key arguments. - Your description of what both sides agree and disagree on is generally true, but misses nuances to their arguments. - Your idea for data collection or an experiment would not fully resolve the disagreement you described in #4 or would be difficult to implement - Your analysis of the podcast misses nuances to the key argument. 10 Points You concisely summarized both economists' arguments. Your identification of major points that both parties agree and disagree on displays a thorough understanding of both arguments. Your idea for resolving the disagreement is creative and could potentially by implemented. Your description of a key argument in the podcast displays strong comprehension