Suppose you are watching a news programme on televısion. It's reported that some European politicians have been arguing in favour of quotas to limit imports of textiles into the EU. 1. Is it likely...

Extracted text: Suppose you are watching a news programme on televısion. It's reported that some European politicians have been arguing in favour of quotas to limit imports of textiles into the EU. 1. Is it likely that the EU will be better off if textile imports are limited by quotas? Explain 2. Will anyone in the EU be better off if textile imports are limited? Explain 3. In the real world, does every person in a country gain when restrictions on imports are reduced? Explain. I=