Economic Issues and Policy 5th Edition by Jacqueline Murray Brux

Exercise 7

Suppose that the U.S. Congress passes trade restrictions on imports of French wine into the United States. What will be the effect of these restrictions on (a) U.S. consumers of wine, (b) U.S. producers of wine, (c) French producers of wine, (d) U.S. farmers producing agricultural goods for export, and (e) the United States as a whole