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Unformatted text preview: The tariff reduced the amount of watches being imported and increased the amount of watches being produced domestically. I also made the decision not to impose a tariff on imported corn. I made this decision because free trade is better overall versus imposing tariffs or quotas on trade. Being that Rodamia is new to international trade I thought that it would be in the countries best interest not to start any trade wars. This is also the reason why I chose to negotiate free trade with both Alfazia and Uthania....
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This document was uploaded on 12/19/2010.
- Spring '09
- Opportunity Cost