There is a high volume of global environmental degradation (china) and labor abuses (West Africa) in other countries that contribute to our imports being cheap. Are we addressing that problem? Should...

There is a high volume of global environmental degradation (china) and labor abuses (West Africa) in other countries that contribute to our imports being cheap. Are we addressing that problem? Should it be a concern for us? What can be done at the US level or at the international level?How does Kuznets explain the different levels of pollution in the world? Where is the US on that curve?From a free market perspective, how would you shoot down the” protecting our domestic Jobs” argument for protectionism. Is there evidence? Explain.Does the US have an export support subsidy policy? If so, in what industries? If not, why not?What is the Stopler-Samuelson model? Based on that model, what groups are most likely to oppose the TPP trade agreement? ExplainWhat is the H-O model? Do empirical US data support that model in terms of factors or skills we have or do not have?Is it true that an export subsidy transfers wealth from American taxpayers to foreign consumers? Are there circumstances that makes such subsidy a good idea? Explain.Illustrate with a graph and answer the following questions: A sugar quota in a small country resulted in raising the domestic sugar price from $210 to $418 per ton. As a result of the quota, domestic supply increased from 3.2 to 5 (Millions) tons and the domestic demand decreased from 9.4 to 6.7 (Millions) ton. (Hint: the easy way to do this is to use the graph we used in class and label it with these numbers.)What was the quota maximum quantity (Some Algebra here)?What was the consumer loss after the quota?What was the producer gain?What is government gain?What is the importer’s gain?What is the net impact on the economy?What groups are not represented in this analysis?Is the quota a good idea? Explain.Is it true that a lot of trade policy is really politically motivated? Explain.Briefly discuss the comparative advantages of the US, the EU India and the Middle EastFill in all the Gainer and loser groups – include workers, exporters and importersCompare the US and China in terms of their currency exchange policies and impact on global trade.