Unit 5 & 6 Questions
Unit 5 Questions
1.Explain how you would put into effect an export quota to protect the textile industry here in the United States and who would likely be effected but the quota.
Your response should be at least 75 words in length.esponse should be at least 75 words in length.
2.United States tire producers did not join in the request for the tariff on tires in 2009. Rather, the petition for a tariff on tires imported from China was brought by the United Steel Workers of America, the union who represents workers in the tire industry. Why did major tire manufacturers operating in the U.S., such as Goodyear, Michelin, Cooper, and Bridgestone, not support the tariff?
Your response should be at least 75 words in length.
3.What provisions of the U.S. trade law was used by President Barack Obama to apply a tariff on tires imported from China? Does this provision make it easier or harder to apply a tariff than section 201?
Your response should be at least 75 words in length.
4.Why did President George W. Bush suspend the U.S. tariffs on steel 17 months ahead of schedule?
Your response should be at least 75 words in length.
Unit 6 Questions
1.List your top five industries that warrant strategic trade policy by the U.S. government and explain why these industries are on your top five list.
Your response should be at least 75 words in length.
2.If infant industry protection is justified, is it better for the home country to use a tariff or a quota? Explain why.
Your response should be at least 75 words in length.
3.Why is it necessary to use a market failure to justify the use of infant industry protection?
Your response should be at least 75 words in length.
4.What is a positive externality? Explain the argument of knowledge spillovers as a potential reason for infant industry protection.
Your response should be at least 75 words in length.
