>> International Economics
Answer the questions below (200-250 words total). Click on the assignment title to submit your work. (SLO 8)
1. Define and describe some of the differences between tariffs and quotas. Give examples of how they are being used today.
2. What are the intent and impact of domestic content requirements? What inefficiency would occur if the U.S. imposed domestic content requirements on manufacturing goods?
3. Explain how advocates of strategic trade policy differ from the classical free traders in their treatment of externalities. What is your stand on the issue?