Project #80921 - econ

Answer the questions for this Economics course

1. The following questions refer to Side Bar:  a. If the United States applies a tarriff to a particular product (e.g. steel) imported from one country; what is the implication for its steel tarriffs applied to all other countries according to the "most favored nation" principle?   b. Is Article XXIV an exception to most favored nation treatment? Explain why or why not.   C. Under the GATT articles, instead of a tarrif, can a country impose a quota (quanititave restriction) on the number of goods imported? What has been one exception to this rule in practice?  

2.

a.How is a customs union different from a free-trade area? Provide examples of each. b. Why do some economists prefer multilateral trade agreements over regional trade agreements?  

3. In March 2007 it was announced that several resturants in the greater San Francisco area would no longer provide bottled water to their patrons ato save on the environmental costs of transporting that water: do an Internet search for the phrase "bottled water backlash" to find articles about the San Francisco resturants and other companies taking this action. Instead, these companies would install filtering equipment that would allow them to serve local water. Although these actions are intended to be more environmentally friendly they will affect firms and countries that sell bottled water. ONe of these cuntries is Fiji, which obtains a major portion of its export earnings from bottled water.        Do you agree or disagree with the action taken by the restaurants in San francisco.   

Subject Business
Due By (Pacific Time) 09/03/2015 03:01 pm
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