Problem
1. Which of the theories of comparative advantage could explain why the United States exports computers to Japan at the same time that it imports them from Japan? Explain ?
2. For each of the goals listed in exercise, discuss what the appropriate commercial policy is likely to be (in terms of tariffs, quotas, subsidies, and so on).
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.