Assume we refused to sell goods to any country

Assignment Help Macroeconomics

Reference no: EM1334528

The solution to International trade

1. Suppose we refused to sell goods to any country that reduced or halted its exports to us. Who would benefit and who would lose from such retaliation? Can you suggest alternative ways to ensure import supplies? Are there any particular imported commodities that you or your firm rely on? What has happened to the supply of these imports over the years?

2. Domestic producers often base their claim for import protection in the fact that workers in country X are paid substandard wages. Is this a valid argument for protection? Can you give examples of when it did/did not work? Is there any trade restriction that the US government could impose that would have a negative/positive impact on your organization? Explain.

3. How do efficiency techniques differ in the short- versus long-run when attempting to maximize profits? What specific incentives are used in your workplace to promote efficiency? What conflicts may exist between a firm's desire to maximize profits and its ethical obligations? Can you give an example from your place of work?

Reference no: EM1334528

Questions Cloud

What five items are the most important to organization : What five items are the most important to an organization as it comes to databases? Please provide an example for each of the five items that you feel are important.

Show the employee and industrial relations : Determine the ways in which employee and industrial relations are related to strategic HRM, and what an organization can do to improve both

Timberland''s community involvement programs : Do you believe that Timberland's community involvement programs illustrate the principles of strategic philanthropy.

Describe how controlling key resources can be used : Describe how controlling key resources can be used as an effective way to deter imitation and appropriate the returns in innovation.

Assume we refused to sell goods to any country : Assume we refused to sell goods to any country that reduced or halted its exports to us.

Explain service marketing strategies : Explain Service Marketing Strategies and services do require some changes to marketing strategy that address the differences between goods and services marketing

Prepare a plan for the human resources department : Prepare a plan for the Human Resources department to address recent employment law/labor law updates, changes, and trends that may impact any organization across any and/or all of its locations.

Describe the current general interest rates : Describe the current general interest rates. Is the current interest level one that promotes or retards growth in the economy.

Kandy kastle''s new product development strategy : Based on what you read in the case, what do you think Kandy Kastle's new-product development strategy is?

User Account

All Pages