Trade regulation and policy
Assess and explain a major trade regulation or policy of the United States. What purpose(s) does the regulation or policy serve? Give a specific example of how the regulation or trade policy might impact developing nations.
Your response should cite at least two credible sources.
In the first three modules you learned why economists have a strong preference for free trade and some of the reasons why policymakers face incentives both ways: to liberalize trade but also to restrict it. In Module 4 you will learn about some of the specific regulations in place to liberalize, restrict, and/or otherwise govern international trade for both advanced capitalist nations and developing nations.
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