Shift affected economic well-being locally

Assignment Help Business Economics
Reference no: EM133184900

Discussion

Over several decades, some industries, such as textile and clothing, which were once a significant part of the U.S. economy, have shifted manufacturing abroad. Using the idea of opportunity cost, provide an explanation of the reasoning behind this shift. How has this shift affected economic well-being locally? How do the gains compare to the losses?

Reference no: EM133184900

Questions Cloud

Individuals and organizations operate efficiently : We say that individuals and organizations operate efficiently if their choices are designed in the best possible way to achieve their objectives
How international trade fits into circular flow diagram : An explanation of why or why not trade with other countries is beneficial to an economy and how international trade fits into the circular flow diagram.
Increased participation in international trade : Several decades, increased participation in international trade by the U.S. has been accompanied by increased income/wage inequality
Compare the Purchasing Power : Compare the Purchasing Power of the United States with another country. Try to choose a country with which you are not very familiar.
Shift affected economic well-being locally : Using the idea of opportunity cost, provide an explanation of the reasoning behind this shift. How has this shift affected economic well-being locally?
The effects of tariffs and quotas : Tariffs indirectly limit imports by imposing taxes on imported items whereas quotas directly limit the quantity of imports.
International trade and labor and environmental strandards : What are the issues of labor standards in international trade? What are the issues in environmental standards in international trade?
Do you think the interest on payday loans : Do you think the interest on payday loans is too high or just right? Should Christians charge poor people interest on loans?
Essential skills in business communication : An oral presentation is one of the most essential skills in business communication.

Reviews

Write a Review

Business Economics Questions & Answers

  If interest rates could be deducted from income

If interest rates could be deducted from income, would an investor change his/her decision based on question 1.

  Discuss the merits of relationship marketing

Increasingly, a key goal of marketing is to develop deep, enduring relationships with all people or organizations that could directly or indirectly affect the success of the firm’s marketing activities. Discuss the merits of relationship marketing. D..

  International trade policies are very important

International Trade Policies are very important for Multinational Enterprises (MNE) and governments. Answer the following questions: How does an international trade policy impact a MNE's strategy? Provide Examples. Why do governments sometimes interv..

  Estimating the total cost of ownership

What are some of the factors to consider when estimating the Total Cost of Ownership (TCO) of a VoIP systems?

  Prices tend to favor the keynesian economic

Why does the flexibility of wages and prices tend to favor the Keynesian economic view in the short run but favor the classical economic view in the long run?

  Skullsplitter and dragonhead stouttogether

Suppose there are two types of Scottish beer, Skullsplitter and Dragonhead Stout. Draw indifference curves for the following consumers (put Skullsplitter on the x-axis andDragonhead Stout on the y-axis). a. Angus likes variety and prefers to drink..

  Show the amount the united states will export and import

Suppose in the United States, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. In the United Kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. The United States has 30 workers and..

  Can someone explain the lagrangian function

Can someone explain the Lagrangian function? That is when to use it, how its used, and why we are using it. The topic is mean-variance portfolio choice.

  Thinking about complementors

Create the Value Net for your own business or a business with which you are familiar. Take special care in thinking about complementors; they are often overlooked.

  Energy efficient vs economic efficiency

Builders of a hybrid car declared it would build a car that would get 180 miles per gallon of unleaded gas. They figured it would cost $40,000 each car to build.

  Leadership play in influencing organisational behaviour

How and why are a training program and a communications system important in developing an effective ethics program? What does ethical compliance involve and how can it be measured? What role does leadership play in influencing organisational behaviou..

  What is her cost of capital after taxes

Mary Carey, a clever 3360 student, has borrowed $125,000 at 8% from her parents. She is asking Dragon Kevin for $75,000 to start her own business. Kevin requires that the business make a 12% rate of return. If they both agree, what is Mary's before-t..

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