Question: pls help !! so lost. . Trade barriers affect consumers and producers differently. Read the following descriptions of three different types of trade barriers. As

pls help !! so lost. .

pls help !! so lost. . Trade barriers affect consumers and producers

Trade barriers affect consumers and producers differently. Read the following descriptions of three different types of trade barriers. As you read, think about which groups would benefit from each trade barrier, and which groups would be hurt by it. Tariff: The U.S. government charges a $5 tax on every pair of imported shoes. Import Quota: The U.S. government limits automobile imports to a total of 4 million vehicles per year. Embargo: The U.S. government begins an embargo against Country X. The embargo applies to both imports from Country X and U.S. exports to Country X. Questions to Think About Directions: Using the descriptions above, answer the following questions. Use complete sentences. 1. Who would benefit from the tariff on imported shoes? Who would be hurt by it? Explain your answer. 2. Who would benefit from the import quota on automobiles? Who would be hurt by it? Explain your answer. 3. Who would benefit from the embargo against Country X? Who would be hurt by it? Be sure to consider both producers in Country X and foreign producers in other countries. Explain your

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