Economics Homework Help

Foothill College Political Economy of Protectionism Bread Industry Analysis

 

I’m working on a economics question and need a sample draft to help me study.

I recently read an article about bread makers who were upset about cheap foreign bread coming into the country. The bread industry was losing jobs and profits to foreign producers. As such, the industry requested a tariff in order to protect US jobs. Explain the political economy of protectionism and why, in general, economists would be for (against) this policy?