Reference no: EM133389475

Questions

1. Are trade deals (FTAs) about the creation of new jobs or the realignment of existing jobs? Explain (also see Hochberg's view of winners and losers).

2. Why does Hochberg use the taco salad as a case study example for trade in the USA? Discuss (see these base ingredients tomatoes, lettuce, beef, beans, onions, corn, sour cream, cheese, avocado [this last ingredient is given much more space in Hochberg's discussion]).

3. Evaluate one of the following myths examined by Hochberg:

a) China is always a villain when it comes to trade,

b) Bilateral trade deficits matter,

c) Tariffs are paid by foreigners,

d) Trade agreements are all about jobs,

e) Trade wars work, or

f) The less we import, the better are we are.