Read the WSJ article posted for this week (Click on the title below to view the article on
WSJ.com; you can either purchase a discounted subscription to WSJ or use Oviatt Library
Website to view a copy of the article).
How the Coronavirus Will Reshape World Trade
(hps://www.wsj.com/arcles/how-the-coronavirus-willreshape-world-trade-11592592995)
QUESTIONS:
Question 1: Advocates for international trade unfettered by tariffs and other restrictions believe that free
trade results in a more efficient allocation of resources and a higher standard of living for consumers.
Does a free trade policy make anyone worse off? Briefly explain your answer.
Question 2: What is the “strategic vulnerability” Robert Liighthizer is referring to?
Question 3: How do the policies fostering self-sufficiency impact the world trade? If you were the
preseident of the United States, would you support such policies? Please explain why.
Sample Solution
