Identify and briefly describe the variety of protectionist tools that are available to states. Examine their value in terms of the costs and benefits that one can expect to derive from each
What will be an ideal response?
Ideal Answer: The ideal answer should:
1. Describe protectionism.
2. Explain the variety of protectionist tools, such as tariffs or duties, nontariff barriers, quotas, subsidies, and regulations.
3. Investigate the effects of such protectionist tools.
4. Offer a compelling summary and conclusion.
You might also like to view...
Parties often coordinate activities across levels of government
Indicate whether the statement is true or false
Which of the following statements regarding Francois "Papa Doc" Duvalier is true?
a. Francois "Papa Doc" Duvalier ruled Haiti for 14 years, giving the nation its longest period of uninterrupted government in decades. b. Francois "Papa Doc" Duvalier was a controversial figure when he took control of government in 1971 because of his close ties with communist leaders in Cuba. c. Francois "Papa Doc" Duvalier led a massive reform campaign, expanding human rights and individual freedoms and developing democratic political institutions. d. Francois "Papa Doc" Duvalier groomed his son to assume leadership of Haiti, thus preserving order for over 50 years.