Short-long-term effects of removing such trade restrictions

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Reference no: EM13801144

Research U.S. Commodities.

Use course materials and the Internet for your research.

Research a current U.S. commodity that appears to be priced higher than the world price. Possible examples include sugar, textiles, or paper.

Step 2 Answer the questions below.

Address the questions below in your response:

Who gains and who loses from the trade barriers that create the price differences?

What arguments are used to support trade restrictions in these commodities?

What might be the short-term and long-term effects of removing such trade restrictions?

Reference no: EM13801144

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