48. Why might a tax on domestic consumption of resources critical for national security be a more efficient

approach than barriers to imports?

49. Why do you think that the GATT rounds and, more recently, WTO negotiations have become longer and

more difficult to resolve?

50. An economic union requires giving up some political autonomy to succeed. What are some examples of

political power countries must give up to be members of an economic union?

51. What are some examples of innovative products that have disrupted their industries for the better?

52. In principle, the benefits of international trade to a country exceed the costs, no matter whether the

country is importing or exporting. In practice, it is not always possible to compensate the losers in a

country, for example, workers who lose their jobs due to foreign imports. In your opinion, does that mean

that trade should be inhibited to prevent the losses?
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