Problem
1. Given your understanding of the different effects of tariffs and quotas, why has the World Trade Organization attempted to reduce sharply the current reliance on quotas and other quantitative restrictions?
2. Who gains and who loses from the imposition of an export tax? For countries that have constitutional prohibitions against imposing export taxes, have they lost an effective trade policy tool? Explain.
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.