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If you were an import-competing producer in a growing market, which trade instrument would you prefer – a tariff, an import quota, or a subsidy? Why?

Assessment Criteria for Semester Paper (Total Marks 30 (10 Marks for each criteria) A. Presentation: 10 marks Research effort and suitability of sources of information including the use of an accepted style of academic referencing such as books, journals and the Internet Standard/quality of presentation including grammar and spelling B. Research: 10 Marks The quality of the overall research effort, including standard and depth of analysis of the prescribed topic Review of theoretical and empirical literature relevant to the topic. C. Strength of Analysis: 10 Marks Clarity of arguments and strength of analysis keeping the text neat and integrated with introduction, main text and conclusion/recommendation Use clear figures, charts and tables in appropriate places.

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