international trade exam.there are some small question? Can you do all .I will take up with your answer.

Essays: These questions ask you to develop an argument in some detail. Your answer must be logical, complete and grammatical (i.e., you must write in complete, well-constructed sentences and paragraphs). If you use graphical or algebraic analysis to support your argument, you must explain fully the elements of your formalism. Think before writing. Part II. Mandatory Essay. Answer 1 for 30 points. (30 points total) When economists are asked to evaluate the statement "tariffs and import quotas usually reduce general economic welfare", 71% "strongly agree" and 21% "agree with provisos". The level of agreement among trade economists would be even higher. 1. Does this mean that an economically large economy, like the US, cannot gain from protection? Explain your answer. [Note: "explain your answer" means "provide a coherent economic analysis". That is, you must provide a graphical analysis that D. illustrates your argument.] [10 points] 2. What sort of argument would this be in terms of the theory of economic policy. [Note: a correct answer to this question must explain all the components of your answer in terms of the framework developed in the theory of economic policy, whose elements must also be correctly explained]. [10 points] 3. Suppose that such a large country imposed the appropriate trade policy in this context, moving from an initially distorted situation, would the new policy be a Pareto improvement relative to the distorted situation? Explain your answer. [10 points]