ECO372 Week 5 Discussion s

Question: #7973

ECO 372 Week 5 DQs.

ECO 372 Week 5 DQ 1

Suppose we refused to sell goods to any country that reduced or halted its exports to us. Who would benefit and who would lose from such retaliation? Can you suggest alternative ways to ensure import supplies? Are there any particular imported commodities that you or your firm rely on? What has happened to the supply of these imports over the years?

ECO 372 Week 5 DQ 2

Domestic producers often base their claim for import protection in the fact that workers in country X are paid substandard wages. Is this a valid argument for protection? Can you give examples of when it did/did not work? Is there any trade restriction that the US government could impose that would have a negative/positive impact on where you work? Explain.

Solution: #7971

ECO372 Week 5 Discussion s

ECO 372 Week 5 DQs. ECO 372 Week 5 DQ 1 Suppose we refused to sell goods to any country that reduced or halted its exports to us. Who would benefit and who would lose from such retaliation? Ca...