Examine the effects of liberalizing import quotas on prices 

Examine the effects of liberalizing import quotas on prices

7.1 Examine the effects of liberalizing import quotas on prices, quantities supplied, quantity demanded, and trade in both importers and exporters. Make an assumption about whether your countries can affect the world price. (Smith 160)

7.8 Consider the case where a country imposes a complete ban on all trade (imports and exports). Examine the effect of this ban on the welfare of that country. (Smith 160)

Smith, Pamela J. Global Trade Policy: Questions and Answers. Wiley-Blackwell (STMS), 2013-09-09. VitalBook file

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