Reference no: EM13974860
The following is a two-part question:
Your company, ExAG, exports billions of dollars in genetically modified agricultural products around the world. This is your core business. Recently, a bill was introduced in Congress (with the support of domestic automakers and textile firms) that would place severe import quotas on a wide range of products, thus lowering total imports into the U.S. Indeed, Congressman Getsmart (I., VT), chair of the House Commerce Committee, and the prime sponsor of the bill claimed on Meet the Press that American workers are having their jobs "stolen" by foreign workers. The bill also has gained support from a variety of labor organizations.
Your industry trade association lobbyist has just contacted your company. Since your company is a major player in the industry she wants to know what position your firm wants to take on this issue.
(a) What position, either for or against, do you recommend your industry trade association take? (You must take a clear stand one way or the other on this issue) Waffling earns no credit (a one sentence answer will do for this part of the answer).
(b) Explain in detail the reasoning behind your position in (a).
Note: In developing your answer you must use the basic Savings – Investment model showing the real exchange rate (vertical axis) and net exports (horizontal axis) to sketch out the qualitative impact of this bill on the real exchange rates. You must show the answer either graphically plus you can use equations. Either way, explain your analysis clearly using words.
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Recommend your industry trade association take
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