Scenario 1:
What are the gains and losses of international trade? What happens when tariffs are imposed, in terms of the importing and exporting countries? Use graphs as needed and explain your answers thoroughly.
Scenario 2: If the government doubled the tax on gasoline, would the tax revenues increase or decrease? Why?
Use graphs as needed and explain your answers thoroughly. Include a summary section in your report that contains 5-7 bullet points identifying your major findings or conclusions of your paper.