Part 1 of Essay
Pick up a newspaper, especially during a recession or other high unemployment times, and you will probably find at least one article a month about an industry complainig about "unfair" competition from foreign suppliers. If foreign brands were restricted in supply, the argument goes, this would leave more of the American ....

Part 2 of Essay
.... of the economy must be good for the whole. It's a laughable logic. Import restrictions can take several forms. Typically, Congress will use tariffs and quotas to protect a domestic firms from foreign competition. Tariffs are a monetary tax on each unit of an imported commodity. Quotas are a numerical limit on the annual quantity of particular imports. A more subtle form of protectionism is the minimum quality standard. In the generally rare cases in which the market cannot regulate product quality on its own, ....