Does the protection of one domestic industry harm another? Provide specific pro and con.

You are expected to make your own contribution in a main topic as well as respond with value-added comments to at least two of your classmates. You are also encouraged to respond to other students. In order to receive full credit for your contribution you are to (1) quote appropriate article(s) material in support of your analysis (the quoted material is not your analysis), and (2) cite the article(s) you are using. Articles used should be cited using APA format. (3) Week 8 module content should also be used to support and give credence to your comments. Also, to demonstrate your comprehension, please focus on economic vocabulary and supporting your remarks with clear examples. As always edit (grammar, punctuation, spelling) your response before submitting. Failure to embed article or module content material and cite appropriately reduces assessed grade by 15 points.

 Choose one question to answer:

1)      Does the protection of one domestic industry harm another? Provide specific pro and con. After you provide pro/con which do you choose and why?

2)      Why does comparative advantage matter more than absolute advantage for trade? First explain comparative advantage using a specific example. Now, explain absolute advantage and use a specific example. Why do nations, therefore, enact trade barriers?