How is the new tariff expected to affect us consumers

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Reference no: EM133365040

Questions: Answer these questions

1. Identify and explain the major differences between the (Ricardian) Theory of Comparative Advantage and the (Heckscher-Ohlin) Factor Endowments Theory. Identify three industries in which the United States is likely to have a comparative advantage over its major competitors - briefly explain your choices.

2. Carefully review the Heritage Foundation Index of Economic Freedom for 2023. Choose three countries and find their economic freedom index ranking:Discuss the rationale for their placement on the Heritage Foundation list.

3. Review the list of trade dispute settlements on the World Trade Organization. Choose three trade dispute cases that involve the United States as a counterparty; discuss their origins, rationale and resolutions.

4. Explain the major provisions of the Uruguay Round of multilateral trade negotiations.

5. Review the below-attached report on the consequences of the 30% tariff recently leviedon imports of solar panels by the US Government. Answer the following questions from the article new: CBS News February 5, 2018, 8:22 AM New tariff on solar product imports may hurt U.S. consumers, critics say

a. What are the main arguments underlying the imposition of this new tariff?

b. How is the new tariff expected to affect US consumers?

c. How will it affect overall US jobs?

Reference no: EM133365040

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