assignment-question-s-marks-5-1-was-the-establishment-of-a-minimum-floor-price-for-tomatoes-consistent-with-the-free-trade-principles-enshrined-in-the-nafta-agreement-2-who-benefits-from-the-importation-of-tomatoes-grown-in-mexico-who-suff-1
Assignment Regulation:
- All students are encouraged to use their own word.
- Assignment -2 should be submitted on or before the end of Week-11 in Black Board only.
- This assignment is an individual assignment.
- Citing of references is also necessary.
Assignment Structure:
|
A.No |
Type |
Marks |
|
Assignment-2 |
Critical Thinking |
5 |
|
Total |
|
5 |
Learning Outcomes:
- Identify major components of international business management (CLO 1.1)
- Discuss the reasons for and methods of governments’ intervention in trade (CLO 1.4)
- Understand processes of exporting and importing (Lo:7)
Critical Thinking
Read the Management Focus on, “NAFTA’s Tomato Wars,” available in your e-book (page no. 620), and answer the following questions:
Assignment Question(s):(Marks: 5)
- Was the establishment of a minimum floor price for tomatoes consistent with the free trade principles enshrined in the NAFTA agreement?
- Who benefits from the importation of tomatoes grown in Mexico? Who suffers? Give arguments in support of your answer.
- Do you think that Mexican producers were dumping tomatoes in the United States? Give reasons.
- What do you think will be the impact of the new higher floor price? Who benefits from the higher floor price? Who suffers? Give logics.
- What do you think is the optimal government policy response here? Explain your answer.