Question

What are two ways nations prohibit trade? (Make sure to include the appropriate graphs for both the U.S. and the foreign country) Who benefits and who pays for this action? 

Answer 1

It increases domestic production and employment this is paid by consumer of US because they now can consume smaller quantity of good at higher prices as import quota reduce import of foreign product. It gives benefit to supplier of US as now they increase their production.

Export license

It is imposed to prevent shortage of good in domestic country. It restrict export of goods by this consumer of domestic economy get benefited and producer of domestic economy have to paid.