Free trade and protectionism homework help?
1.If the EU had a tariff on all dairy products made outside the EU, and Romania has a comparative advantage in producing dairy products. What happens after they join?
2.If Bulgaria was a heavy importer of Chinese shoes, but the EU has a tariff
1. romania should be in an improved position without the EU tarriffs to contend with, and dairy product prices should go down in the EU (as may wages for dairy workers, eventually).
2. bulgaria will be less inclined to buy chinese shoes
So, the U.S. government is borrowing money from the Chinese to save GM. Then, GM can 
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