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Unformatted text preview: ________________________ d. If the tariff is imposed, specify the gain in surplus attributed to domestic producers. _______________ Question 2. a. What is the US GSP? (4 points0 b. Are the US GSP consistent with the WTOs policies regarding fair and equal treatment in trade? (6 points ) Question 3. If a nation in question 1 decides to impose an import quota rather than an import tariff such the same amount of goods were imported with the quota as with the tariff, what happens to the tariff revenue that would normally go to the government?. (8 points) 4. In the article in King on US tariff and the poor, explain why the US has its highest tariffs on relatively cheap generic type goods and how this tariff mainly impacts the poor .(6 points)...
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- Spring '08