1- You have learned in this week that there are five major arguments for restricting trade. Suppose you are a lobbyist for timber, an established industry suffering from low-priced foreign competition. Which two or three of the five arguments do you think would be most persuasive to the average member of Congress if you are trying to get Congress to pass trade restrictions. Explain your reasoning.
if you are an astute student of international economics. Although all the arguments for restricting trade have their shortcomings, name the two or three arguments that seem to make the most economic sense to you. For each, describe the economic rationale for and against these arguments for trade restrictions.
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