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INTERNATIONAL TRADE - ECON 4431W Textbook: INTERNATIONAL ECONOMICS by Appleyard and Field (9th edition; McGraw Hill) 1.Explain with diagram a. Explain four non-tariff barriers in

INTERNATIONAL TRADE - ECON 4431W

Textbook: INTERNATIONAL ECONOMICS by Appleyard and Field (9th edition; McGraw Hill)

1.Explain with diagram

a. Explain four non-tariff barriers in detail. How do they interfere with free trade?

b. Suppose the United States gives export subsidies to its corn. What are the effects?

c. What are the arguments used in favor of Protection? Explain four which you think are valid.

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