1. Compare and contrast documentary letter of credit with documentary collection. What is bankers acceptance?
2. The US government prevents federal agencies from promoting countertrade in their business or official contracts. It does not provide financing support for the countertrade component of the transaction or accept countertrade as security. Explain why this position was taken by the US government and whether it is a wise policy.
3. How does dumping differ from subsidies. Discuss the economic advantages and disadvantages of free trade zones for the US.