Focuses heavily on tariffs and non-tariff trade barriers. For this assignment, you are asked to prepare a minimum 500-word essay discussing the following content:
- Define tariff and the different types of tariffs.
- Identify and discuss the major nontariff barriers to trade.
- Justify the use of trade barriers.b
- Using a real life example, explain the effects tariffs and other trade barriers have had on social welfare in a
country of your choosing.
- Identify any unfair trade practices that have been reported in your chosen country, if any.