Question: Visualizing global economic issues: The effects of an import quota
In which industries do you suppose policymakers are more likely to impose quotas: goods or services? Why?
Management notebook: U.S. taxpayers subsidize foreign buyers of U.S. exports-and foreign rivals of U.S. firms
Why do you suppose U.S. firms that build facilities are unhappy about subsidized loans that the Export-Import Bank provides to foreign competitors to assist them in purchasing U.S. firms' exports of construction equipment?
Theoretical: Due to globalisation and internationalisation of trade, countries have implemented different policies to liberalise trade barriers.
Discuss the economic effects of trade barriers and explain the pros and cons of trade barriers.