AP Economics – 5/01/19

I.  Bellwork

  • Page 435 MC 1-5 Q&A & P436 FRQ#2

II.  Objectives

  • Explain the pros and cons of protectionism
  • Illustrate the effects of a tariff and an import quota

III. Section 8 Exam Friday

IV.  Barriers to Trade p 437-441

Micro 2.8 Tariffs and Quotas

A.  Trade Restrictions

  1. Tariffs
  2. Import Quotas

V.  Classwork on iLearn in Module 44 folder (Due at before class ends)

  • Worksheet 44.1: Comparative Advantage
  • Worksheet 44.2: Trade Barriers


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