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1.    You are the Supreme Leader of your nation and must decide whether to erect trade barriers to protect

your most valuable national asset: "Cantgetitanywherebuthere-ium." Several other counties have found rich supplies of this formerly rare substance, and now you face fierce competition in the world markets. This could have devastating consequences for the economy of your nation and your position as Supreme Leader. The citizens are pushing for trade barriers in order to protect their jobs and their financial futures! The international community objects that placing tariffs, quotas, or any kind of import/export restrictions on "Cantgetitanywherebuthere-ium" is unacceptable protectionism. What do you do and why? Be specific, and weigh the pros and cons of various means of restricting trade and protecting your advantage.

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