Imagine that China opens its borders to international trade, but
with greater restrictions than the U.S. and European Union (EU).
They impose a tariff of ¥10 per dollar value of each imported good
and an import quota on all goods, as well as other health, safety,
and regulation barriers.
Step 2 Identify the winners and losers and answer the following
questions. In a one-page (250-word) document, answer the following
questions using the information provided in the scenario in Step 1:...