Free trade

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/free-trade

1. What is free trade and why do people like it?
2. Why do some countries want to protect their own businesses instead of free trade?

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is free trade and why do people like it?Free trade means countries trade without tariffs, quotas, or other barriers. It lets goods move easily, which helps economies grow and gives people more choices.
2. Why do some countries want to protect their own businesses instead of free trade?Some groups think protecting local industries keeps jobs safe and protects national security. They use tariffs or quotas to shield businesses from foreign competition.

Comparative Advantage: The ability of a country to produce a good or service at a lower opportunity cost than other countries.
Non-Tariff Barriers: Trade restrictions that do not involve direct taxes on imports, such as quotas or complex regulations.
Economic Nationalism: An economic policy favoring domestic industries and labor over international trade and foreign competition.