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Section A. Interpretation - 15 points. 5 points per sabquestion. Read the article In the global chips arms race, Europe makes its move (12 February
Section A. Interpretation - 15 points. 5 points per sabquestion. Read the article \"In the global chips arms race, Europe makes its move\" (12 February 2022, The Economist), available on Brightspace. Based on the article and what you have learned in class, answer the following question. Provide complete, but concise arguments to support your answers. (a) What type of trade policy is the European Union (EU) following with regards to the production of microchips? According to the article, what are the main reasons for this type of policy? (b) What is the current customer base (i.e. the potential customers) of European chipmakers? What are the main challenges in expanding this customer base? (0) Do(es) the author(s) of the article believe(s) that the policy will be successful in solving the problem it seeks to solve? Explain why
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