Essay Topic 1
What is the significance of free international trade? Why is free trade said to be best? How do nations benefit from free trade? What is the Principle of Comparative Advantage?
Essay Topic 2
In spite of the theory saying that free trade is best, there are many trade barriers, like tariffs on imports or exports, import and export quotas,etc. What are the effects of these trade barriers? Why do nations impose them?
Essay Topic 3
A tariff may result in higher employment in the domestic economy. What problems does it cause in the foreign economy? What problems does it cause in the foreign economy? What is a beggar-thy-neighbor policy? What usually happens when a tariff is impose for this reason?
Essay Topic 4
Why was the Depression of 1929 so severe? What factors contributed to it? Are these similarities with the situation today? What are the differences?
Essay Topic 5
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