Please Answer Questions 200 Words 71 List Advantages Disadvantages Us Protection Catfish Q34235559

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
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