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I‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍n this term paper assignment, you must discuss the topic of free trade versus protectionism. In particular, you must present and use the following 8 items/concepts: Consumer surplus Producer surplus Deadweight loss Wasted resources Tariff revenues Opp‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍ortunity cost Comparative advantage Rent-seeking/Lobbying Your term paper should: Be written professionally. Rely on sound economic analysis. Do not deviate from its subject. Do not confuse writing loosely with not relying on sound economic analysis‌‍‍‍‌‍‍‌‌‍‍‍‌‍‍‍‍‌‍‍.

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