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Discuss with your classmates whether or not the ensuing trade war will produce successful outcomes.

Incorporate the concepts of game theory with international trade and tariffs. Set up two payoff matrices. Set up the first payoff matrix such that the outcome will be harmful to both countries. Set up the second payoff matrix such that the outcome will be beneficial to the United States. Evaluate the two matrices using current […]

Draw a supply and demand graph (do not just copy and paste a graph; create your own) illustrating world trade and a tariff.

Tariffs have become a hot topic. In a paper: Describe how a tariff affects the market for a good the United States produces but is a net importer (for example, of steel). Draw a supply and demand graph (do not just copy and paste a graph; create your own) illustrating world trade and a tariff. […]

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