QUESTION 1
There are two questions related to Tariffs
1.Is it possible for a low nominal tariff rate to understate the effective rate of protection? What is tariff escalation?
2.How can tariffs be justified?
Each student should respond both questions by one paragraph for each
QUESTION 2
There are two questions related to Nontariff Trade Barriers
Each student should respond both questions by one paragraph for each.
1. Describe some of the differences between tariffs and quotas?
2. What are the intent and impact of domestic content requirements?
QUESTION 3
There are two questions related to Trade Regulations and Industrial Policies
1. Has industrial policy contributed significantly to Japan’s economic growth?
2. Explain how advocates of strategic trade policy differ from the classical free traders in their treatment of externalities?
QUESTION 4
There are two questions related to Trade Policies for the Developing Nations.
1. What are some of the growth strategies that have been employed by the developing nations? How successful are these strategies?
2. Describe the flying-geese pattern of economic growth? What countries have pursued this strategy?
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