Please answer the questions below in 200 words or more.
7.1 – List the advantages and disadvantages for the USprotection of its catfish industry,
7.2 – List the protective measures (instruments) the UnitedStates has NOT used to protect its catfish industry. Brieflyexplain why each would or would not be successful.
Expert Answer
Ans 7.1:
Advantages for the U.S. to protect catfish industry:
- The U.S. market tries to protect catfish industry to increasenational employment.
- The industry can provide high tariff that increasesgovernment’s revenue to great extent.
- Increased domestic producers competitiveness, in turn,stabilizes the nation’s production quality.
Disadvantages for the U.S. to protect catfish industry:
- Trade protectionism restrains industry in long
OR
PayPal Gateway not configured
ORPayPal Gateway not configured