$10.00 International Trade Simulation and Report
- explain why tariffs and quotas are counterproductive to the well-being of a country’s citizens with respect to international trade. Explain how domestic production changes, how prices and expenditures of domestic consumers change, how the level of imports change, how and how much deadweight losses are generated, how domestic firm profits, foreign firm profits, consumer surplus, tax revenue change, and how other business sectors of the economy can be impacted by “protectionist” policies like tariffs or quotas.
Format your paper consistent with APA guidelines.
350 - 410 words