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Patriotic Purchasing - Coggle Diagram
Patriotic Purchasing
Paragraph 1
Supporting idea
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-Examples: tariffs (import taxes), import quotas (limits on goods).
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Main idea
As international trade becomes freer, a nation's workers may regard unprecedented levels of competition from low-wage workers abroad as a major threat to their livelihood
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Paragraph 3
Supporting idea
However, these policies will ultimately hurt the economy.
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Main idea
Short-term protectionist policies can delay job loss, but they damage the economy and businesses in the long run.
Topic
Nation’s workers might be correct in asserting that in the very short term, buying domestically produced goods slows the rate of job losses in a certain industry.
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