One of the main principles of The Market System is the idea of Free Trade. Considering that:

One of the main principles of The Market System is the idea of Free Trade. Considering that:

1)Can protectionism jeopardize Free Trade? Why? Explain in details (20 points)

2) What is International Trade War? (10 points)

3)If the USA face a Trade War and its retaliation side effects due to the changes in tariffs in some imported goods from its major trading partners, what would be the opportunity cost for the USA associated with the new tariffs? What could be the consequences of retaliation for the USA? Would the benefits to the United States be greater than the costs of retaliation? Please explain in details ? (It is very important that you take in consideration that the USA trades with several countries, not only China, you can not use only China to support your answer) (25 points)

4) How about Intellectual Property Rights and International Trade? Have the violation of these rights hurt USA companies? What could be done to improve this situation ? Explain in details (15 points)

 

Order from us and get better grades. We are the service you have been looking for.