Protectionism

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/protectionism

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 the core principle?Government policies designed to restrict international trade and protect domestic industries
2. What is the primary instruments?Tariffs, quotas, subsidies, and non-tariff barriers (NTBs)
3. Why do governments use protectionist rules?They do it to help new industries grow, keep jobs, stop unfair selling from other countries, and protect important things like food and energy.
4. How do tariffs help our toys stay local?Tariffs add a tax to toys that come from other countries, making those toys a bit more expensive so local toys can compete better.

Protectionism: Economic policies aimed at limiting imports to protect domestic industries and jobs from foreign competition.
Mercantilism: An economic theory advocating for government intervention to maximize exports and minimize imports, accumulating national wealth.
Comparative Advantage: The ability of a party to produce a particular good or service at a lower opportunity cost than another party.
Dumping: The practice of selling goods in a foreign market at a price below their cost of production or below their domestic market price.