Tariffs or quotas should be imposed on imported goods

Assignment Help Business Economics

Reference no: EM131097246

Participate in a discussion with your classmates by describing the role international trade plays in your life. Review the “EYE on YOUR LIFE” caption titled “International Trade” on page 235 in the textbook. Consider and share the international trade policies which serve your self-interests and those which best serve the global social interests. As a consumer, describe your benefits regarding the availability of a wide range of low-cost, high-quality goods and services which are produced in other countries, such as, cell phones and flat-screen televisions. As a voter, describe your concerns regarding international trade, such as the politics of free trade versus protection. Do you think tariffs or quotas should be imposed on imported goods to provide U.S. producers an “even playing field”?

Finally, as an employee, describe your concerns regarding the loss of U.S. jobs, since international trade spurs job offshoring, and it also provides freer access to U.S. markets by foreign producers.

Reference no: EM131097246

Questions Cloud

Is the fact a new and worthy trend in labor law : The act mandates, for the first time, a workplace benefit incidental, and without direct relation to the job itself. Is this fact a new and worthy trend in labor law or is it a dangerous precedent?

How credit rating affect investor required rate of return : How does credit rating affect an investor's required rate of return? What actions could a firm take to receive a more favourable rating

What happens to the monetary base and the money supply : the central bank forbids overnight loans and eliminates the overnight loan market.

Second-hand smoke : "Second-hand" smoke, an often cited disadvantage of allowing smoking in restaurants, is referred to in economics as a(n)

Tariffs or quotas should be imposed on imported goods : Participate in a discussion with your classmates by describing the role international trade plays in your life. Review the “EYE on YOUR LIFE” caption titled “International Trade” on page 235 in the textbook. As a voter, describe your concerns regardi..

Determine the stackelberg equilibrium : Determine the Stackelberg equilibrium with 1 leader firm and n follower firms if the market demand curve is linear and each firm faces a constant marginal cost, m, and no fixed cost.

What does the taylor rule imply that policymakers should do : What does the Taylor rule imply that policymakers should do to the fed funds rate under the following scenarios?

Tax is the efficient method of abating pollution : Per the Kyoto Protocol, European countries have targeted a reduction of CO2 emissions. There are two main types of coal-fire plants in the EU: one type is designed to be able to be retrofitted with abatement equipment at a lower cost than the other t..

The annual depreciation worked out : On January 1, 20X1, Robust Inc. purchased heavy-duty equipment for $400,000. On the date of installation, it was estimated that the machine has a useful life of 10 years and a residual value of $40,000.

User Account

All Pages