Problem Set _5b

Problem Set _5b - Econ 181: International Trade Spring 2009...

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Econ 181: International Trade Spring 2009 Problem Set #5b (Due Tuesday, April 21, 2009) 1. Article Analysis—Tariffs. Read this article and answer the following questions. Elizabeth Becker, "Textile Quotas to End, Punishing Carolina Towns". The New York Times , Tuesday, November 2, 2004. The URL is: a. Both globally and domestically, who are the winners and losers from the end of textile quotas? b. Based on your answer to the previous question, who must hold the quota licenses under the existing system? c. What will be the aggregate welfare effect of the end of global trading restrictions on textiles for the United States? d. What does your answer to the previous question suggest about helping Kannapolis, NC residents who used to work at textile mills? 2.
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Problem Set _5b - Econ 181: International Trade Spring 2009...

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