Instructions Unless otherwise instructed, Lesson Assignments should be prepared in Microsoft Word® using the Times New Roman font, 12 point, single space, double space between paragraphs. Each page mu

Instructions

Unless otherwise instructed, Lesson Assignments should be prepared in Microsoft Word® using the Times New Roman font, 12 point, single space, double space between paragraphs. Each page must be numbered and your last name and student number included on the upper left hand corner of each page. Each student is responsible for completing all assignments by the required date and time. This course contains a number of lesson assignments and/or case studies. All assignments are to be completed in a Microsoft Word® document conforming to American Psychological Association (APA) formatting standards (https://owl.english.purdue.edu/owl/resource/560/01/). Additionally, please ensure your assignment has a cover page and a separate reference page, see "Example Assignment Submission Template", as an example. For any additional information on APA, please reference the course syllabus.

Your lesson assignment responses should be evidenced from the course textbook and/or from peer-reviewed sources not more than 5 years old. In general, Wikipedia is not a professionally-reviewed resource and should not be used as an assignment reference. You must cite your references so that readers can verify your conclusions, and easily determine what is your work, and what is paraphrased or taken directly from other sources. Failure to give credit for the work of others in your assignments and writing projects constitutes plagiarism.

The following Short Answer Questions should be completed and submitted to the course faculty via the learning platform for evaluation and grading. Submit your responses to these questions in one WORD document. List the question first, and then your response. Additionally, your responses are to be answered in a paragraph narrative format; not bulletized or numbered lists. In most cases your responses to each individual questions should be no more than 500 words (per question).

Chapter 6. Political Economy of Trade

Chapter 7. Foreign Direct Investment

1 ) Describe the main political motives behind government intervention in trade.

2) Explain why job protection is a political motive for governments to restrict free trade. Why might a government interested in job protection insist on local content requirements for international firms doing business in that country?

3) Describe the role of special government agencies in promoting exports and imports.

4) Define subsidies. What are their disadvantages? In what ways do the protection of infant industries produce similar drawbacks?

5) Using any two of the four theories that appear in your text, explain why companies engage in foreign direct investment.

6) Explain the theory of market imperfections and describe the two major market imperfections.