Think about a time you have signed off on a “terms of agreement.” did you read the terms? in a short paragraph, describe the situation below, and explain what you might do differently now. if you have never signed off on a “terms of agreement,” write a short paragraph about what you will do if you encounter one in the future. make sure you use correct spelling and punctuation, and include transition words such as "first," "second," and "then" to organize your sentences.

Identify the trade regulation concept described in each scenario. protectionism free trade trade war country a and country b want to develop their respective export markets. both countries have highly developed agricultural, industrial, and service sectors. the countries decide to initially lower trade barriers and eventually remove them completely. arrowright country a has an agrarian economy with an emerging industrial sector. to allow domestic industries to grow, country a applies quotas on all industrial products except those that are used as resources. arrowright country a passes an economic policy that will indirectly give its own companies an advantage over country b’s companies. country b alleges that the policy violates the countries’ trade agreement and imposes retaliatory tariffs. arrowright