Research U.S. Commodities.
Use course materials and the Internet for your research.
Research a current U.S. commodity that appears to be priced higher than the world price. Possible examples include sugar, textiles, or paper.
Step 2 Answer the questions below.
Address the questions below in your response:
Who gains and who loses from the trade barriers that create the price differences?
What arguments are used to support trade restrictions in these commodities?
What might be the short-term and long-term effects of removing such trade restrictions?