Question

Suppose you are a consultant in the Ministry of Economy. The government wants to choose one...

  1. Suppose you are a consultant in the Ministry of Economy. The government wants to choose one of the two international trade policies: quotas or subsidies. Explain How to persuade the minister to use one of the two policies. (Show your opinion).
  1. The United States automakers have announced programs to build and market electric cars. Should the United States impose temporary protection on this product to guarantee U.S. commercial success? Why or why not?
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Answer #1

Minister can be persuaded to use either of policies by presenting international benchmarking framework and case studies of economies who have adopted similar quotas or subsidies and its corresponding implications. Moreover one can show the repercussions using macroeconomic data and show the cost to benefits analysis to help convince ministers about best alternatives for economic development

Yes any sort of Imports can hamper the commercial launch of electric cars. Hence protectionist policies can definitely help achieve US car automation companies to gain first mover advantages and penetrate market to achieve an Oligopolistic healthy industry structure with profit maximization as thumbrule.

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