Group opposed to free trade concludes

Assignment Help Business Economics
Reference no: EM13836294

A group opposed to free trade concludes that the total number of domestic jobs will decrease because it estimates that 20,000 jobs will migrate abroad. The actual total loss is:

a) probably greater than 20,000 because of the tariff effect.

b) probably greater than 20,000 because of the multiplier effect.

c) probably equal to 20,000 because of the import effect.

d) less than 20,000 because the estimate ignores the jobs created in the industries that benefit from increased exports.

Reference no: EM13836294

Questions Cloud

In game theory-dominant strategy : In game theory, a dominant strategy is one _______________
Represents a credit or debit : Indicate whether each of the following represents a credit or debit on the U.S. current account.
Comparative advantage for corn : (Figure: Corn and Watches in the United States and Canada) Referring to the graphs, we see that _____ has the comparative advantage for corn and _____ has the comparative advantage for watches.
Describe the different kinds of indexes oracle uses : Describe the different kinds of indexes Oracle uses. Give an example of when you might use each type. Why might it be important to determine the size of an index? What happens to secondary indices when a page split happens in a file organization
Group opposed to free trade concludes : A group opposed to free trade concludes that the total number of domestic jobs will decrease because it estimates that 20,000 jobs will migrate abroad. The actual total loss is:
Opportunity cost of producing : If Germany used all its resources to produce bread, suppose it could produce 40 million loaves of bread. If it used all its resources to produce milk, it could produce 20 million gallons of milk. Then Germany's opportunity cost of producing a ______ ..
Derive the total product or output : Suppose you are given the following Total Product Function: Q=100 K^3/2 L^4/2 M^4/7 ,where Q is total output or units produces; K, capital; L, labor; and M, materials.; that is, this is a input factor production function. Suppose K = 1,000; L = 200 w..
What was the highest trade surplus : According to By the Numbers, approximately when was the last time the United States had a trade surplus? As a percentage of GDP, what was the highest trade surplus the United States has achieved? What was the highest trade deficit the United States h..
Create folder named lastname firstname in a google drive : Creat a Google Drive account, and Create folder named Lastname_Firstname in a Google Drive account; upload A2_part3_data, rename as GICC Renovations and open in Google Sheets.

Reviews

Write a Review

Business Economics Questions & Answers

  Illustrate what greens fees should the operator set

Illustrate what greens fees should the operator set on weekdays and how many rounds will be played.

  Economic actors in the economic circular flow diagram

Please describe the actions of the economic actors in the economic circular flow diagram and the physical and monetary transactions that occur in each market of circular flow diagram. What is the circular flow diagram describing? Please explain the t..

  Elucidate the disadvantage of simultaneous lending strategy

Elucidate the disadvantage of the simultaneous lending strategy. Be mindful of the group lending scheme which Grameen Bank adopts.

  Katrina''s candies specifically

Katrina's Candies specifically. Distinguish between a change in demand and a change in the quantity demanded (movement along the demand curve).

  How much is natalie income per day

She could also use her entire budget to buy 3 uglifruits and 8 breadfruits per day. The price of uglifruits is 8 yen each. How much is Natalie's income per day?

  What is anna optimal choice of comic books and aog

What is Anna’s optimal choice of comic books and AOG? Illustrate her optimal choice on a graph, using indifference curve-budget line analysis.

  What need to fill-in so that both sides of the t-account

Construct the bank's balance sheet also calculate the bank's net worth-there is a missing piece of information on the right-side that ou need to fill-in so that both sides of the T-account add up to each other

  Elucidate that the balance sheet balances are assets

Elucidate that the balance sheet balances if these are the only assets and liabilities.

  Illustrate what set of procedures would you advise

As an advisor to the project manager, Derrick Westmuller, illustrate what set of procedures would you advise they adopt.

  What could you do to protect that long term profit stream

Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish your business as a monopolistically competitive firm. Describe the busi..

  Compute the change in the price of the bond

A 10-year zero coupon $100 face value bond has yield of 6%. Through series of unfortunate circumstance, expected inflation rises from 2% to 3%. Assuming the nominal yield rises by an amount equal to the rise in expected inflation, compute the change ..

  Insurance increases and the price of steel decreases

What will happen to the equilibrium price and quantity of new cars if, simultaneously, the price of automobile insurance (a complement) increases and the price of steel decreases

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd