Q. 1. Suppose we refused to sell goods to any country that reduced or halted its exports to us. Who would benefit and who would lose from such retaliation? Can you suggest alternative ways to ensure import supplies? Are re any particular imported commodities that you or your firm rely on? Illustrate what has happened to supply of se imports over years?

2. Domestic producers often base their claim for import protection in fact that workers in country X are paid substandard wages. Is this a valid argument for protection? Can you Provide examples of when it did/did not work? Is re any trade restriction that US government could impose that would have a negative/positive impact on your organization? Explain.

3. Explain how do efficiency techniques differ in short- versus long-run when attempting to maximize profits? Illustrate what specific incentives are used in your workplace to promote efficiency? Illustrate what conflicts may exist between a firm's desire to maximize profits and its ethical obligations? Can you provide an example from your place of work?