After reviewing Chapter 9 ” Formulation of National Trade Policies”, discuss in your own words:
1. What is the difference between free trade and fair trade. Which side of the debate do you side with. Why?
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2. What is the difference between tariff and non tariff trade barriers. What are some examples of non tariff trade barriers? How do they impact trade between nations?
3. What are Countervailing Duties? What is its purpose?