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Homework answers / question archive / America should continue to have protections and standards on trade because it increases employment rates, the economy's GDP is boosted, and there are lower imports

America should continue to have protections and standards on trade because it increases employment rates, the economy's GDP is boosted, and there are lower imports

Economics

America should continue to have protections and standards on trade because it increases employment rates, the economy's GDP is boosted, and there are lower imports. Not only does protected trade provide these benefits to the American consumers, but American goods are protected from being over flamed by worldwide prices as well. These protections are put in place to protect the suppliers of this country, to help with their domestic markets, and to ensure they have consumers that will pay for their domestic product over the imported one. Along with protecting suppliers of the country that is producing these products, comes with protecting the product as well. There are some countries in the world that have very precious non-renewable resources. Many of these countries are in the Middle East because this is the part of the world where very rich non-renewable oils are geographically located. These oil-rich Middle Eastern economies really aim to rely on oil exports lasting long term, and in order to do that, limiting output in the short term through protection quotas is one way that can conserve resources. Placing these quotas not only protects the consumer and the producer on both ends, but it also protects the precious resource that is difficult to come across. If there was free trade, these non-renewable resources would be gone in a flash.

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