In recent cases, the U.S. placed quotas or protectionist tariffs ...

[madam-professor]

In recent cases, the U.S. placed quotas or protectionist tariffs on imported steel and imported microchips. In both cases the damage to downstream industries was obvious to all and relatively easy to quantify and demonstrate. Assuming that the
 
  lawmakers are not plain dumb, why did they enact these protectionist policies?

Question 2

Which statement is NOT true regarding emerging markets?
 
  A) Emerging market financial institutions have generally proven to be weaker than those in industrialized countries.
  B) Emerging markets are the capital markets of poorer, developing countries that have liberalized their financial system to allow private asset trade with foreigners.
  C) Countries with emerging markets include Brazil, Mexico, and Thailand.
  D) Countries with emerging markets have been unable to liberalize their financial systems to allow private trade with foreigners.
  E) Emerging market financial institutions contributed to the financial crisis of 1997-1999.

[duy1981999]

Answer to Question 1

The system by which these protectionist policies are set into law is biased in favor of the producers of import competitive goods. Other sectors of the economy that may be affected are not parties in the petitions made to the ITC seeking redress.

Answer to Question 2

D