1. Using any of the FARM LEGISLATIONS in the 1940s and/or 1960s, explain from an economic and policy standpoint the impact of an agreement such as the “BRACERO” program.
2. (i) Discuss TWO KEY federal legislations in the 1970s and their influence on the environment, and US agriculture.
(ii) With an illustration explain how any land diversion program can reduce commodity surpluses.
3. What are regional trade agreements? State TWO regional trades and their benefits to US agriculture.
4. (i). Comparatively, discuss David Ricardo’s comparative advantage concept and any of the early economic philosophy on protection of domestic trade.
(ii). What led to the creation of the THREE global institutions in 1944 and what are their functions to international trade?