If rules are imposed on the government procurement practices, part of "buy American Initiative" which is observed by trading patterners

1. what will happen to the cost of goods purchased by the government? explain.
2. What is one thing that appeals to you about a "buy domestic" government procurement policy? What is one thing that concerns you about a "buy domestic" government procurement policy?
3. If international trade decreases in coming years - due to policy changes and perhaps to changing choices of firms and households in the post-pandemic world:
   1. What would you expect to happen to the global standard of living, all else equal? Why?
   2. What would you expect to happen to the rate of innovation, all else equal? Why?