1. Three policies used to restrict trade are: tariffs, quotas,
and regulatory trade restrictions. Discuss each of these
policies.
2. There are four main reasons why economists typically oppose
the use of trade restrictions. (1). From a global perspective, free
trade increases total output. (2). International trade provides
competition for domestic companies. (3). Restrictions based on
national security are often abused. (4). Trade restrictions are
addictive. Discuss each of these reasons.
consider the impact of quotas and tariffs on trade. Does U.S.
immigration policy serve as a sort of trade regulation to
artificially inflate labor rates? Explain the similarities.
Identify Egypt’s current import policies with respect to
fundamental issues such as tariffs and restrictions and also
discuss Egypt’s trade policies and barriers.
steps involved:
introduction
objective
limitations
findings
conclusion
Question
(a) Identify the effect of tariffs, subsidies and export quotas on
each of the sectors of the economy given in the table below. For
each sector you just need to mention whether the effect is
Positive, Negative or No/Uncertain Effect. For all the above
instruments assume the country imposing them as the domestic
country and the other countries in a trading relationship with this
country as the foreign countries. Finally assume that all countries
involved in trade have large...