Illustrate what is the point of view of free trade

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Q. Illustrate what is the point of view of free trade and protectionist on: infant industries; Job Protection; Standard of living; Specialization; and National security

Q. I agree that the federal deficit would increase if every state took on a balance budget in the times of a recession. Although, rainy day funds are budgeted in are any surplus at the end of the year actually going into them? Connecticut has exhausted its rainy day fund, so what happens to states that are in the same situation that are mandated to have a balance budget. To me it seems it would destabilize, but if the state was in good standings or starting from a clean slate then it could stabilize an economy. Agree?

Reference no: EM1345379

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