1. Define tariffs, summarize its history, discuss 7 types of tariffs and, analyze the impacts of tariffs on international trade.
2. Explain non-tariffs barriers to trade and discuss 6 most common non-tariffs barriers
3. Evaluate the arguments for and against protection and state which one (free market or protectionism) is more beneficial to a country.
4. State and discuss six forms of imperfect competition and seven distinct trade fairness principles.
The theoretical questions can be researched and paraphrased (put in your own words) since this is not a copy and paste exercise. Credit must be given to your sources of information and a work cited section must be provided
. Answer each question individually.
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