Supporting Free Trade
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Please help answer the following question. Provide at least 400 words.
Assume you are a business entrepreneur. Do you support free trade among nations, or do you believe that there should be quotas on imported goods? How would each position affect the U. S. economy?
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Solution Summary
This posting involve entrepreneurial issues. Free trade and quotas on imported goods are discussed. The explanation is given in 425 words.
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Problem: Assume you are a business entrepreneur. Do you support free trade among nations, or do you believe that there should be quotas on imported goods? How would each position affect the U. S. economy?
I suppose the answer lies in the size of my business. If I owned a small company that did business only in the United States, I would be in support of quotas on imported goods as this would help to protect my prices that I charge. If I owned a large company that traded internationally, I would support free trade among nations as this would most likely help my cause. There is no one-size-fits-all answer because import ...
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