International trade policies: International trade policies refer to measures aimed at regulating the flow of goods and services between countries. In the case of a severe negative supply shock, the government may impose trade restrictions to limit the outflow of key inputs or to protect domestic producers. However, this can lead to higher prices for consumers and retaliation from trading partners, which can harm exports and further reduce supply. Explain with a graph please.

It is often asserted that the United States no longer manufactures anything, and that instead it imports manufactured goods from countries like China. Critically evaluate both sides of this argument.

Which of the following involves signaling? Choose one answer. a. high wage rates attracting a larger pool of applicants for a job b. firms taking advantage of outsourcing when transactions costs are low c. reporting one's college GPA on a resume d. paying higher wages to workers who produce more e. requiring the sales staff to work strictly on commission

While economic analysis shows that free trade increases consumption for all trading partners, criticism against free trade has been expressed by several policy makers and voters. Trade proponents emphasize the positive net benefits of trade, increasing the economic pie for each trading partner and benefiting each country as a whole. Critics point to the distributional effects of trade in primarily importing countries, benefiting consumers with lower prices and harming some producers. In the U.S. some manufacturing workers have been made worse off as their labor is demanded less. What is the best policy for the U.S. to follow to maximize the well-being of all U.S. workers? Explain your answer. Pull out of free trade agreements such as NAFTA that potentially harm U.S. manufacturing workers, in the hope that jobs in the manufacturing industries will return to the U.S. Impose tariffs on imported manufactured goods to protect domestic manufacturing jobs that will reemploy workers.  Keep…