What is the effect of this tariff on the us economy

Assignment Help International Economics

Reference no: EM13213154

What is the effect on the economic well-being of a nation when a tariff is imposed? Consult a newspaper and identify an industry where there currently is a tariff. please provide the source.. What is the effect of this tariff on the U.S. economy? Think about all the things you buy that are made in China? It is a sizable portion of your Disposable/Discretionary Income. Now imagine that ALL those goods increased in price by say 15%? is that "good" for you? You will have less effective 'consumption' power, literally less income to buy the stuff you need. Is that GOOD?... If China bends to global pressures to "float" its currency that is what will happen - this is the same as taxing or tariffs, the increased cost will be shared, we will buy less, China will be paid more, our manufacturers will get a 'bump' in profits, we may see a bump in employment (that will probably not happen, more manufacturing will be done In India and Indonesia, not USA).

Reference no: EM13213154

Questions Cloud

Operations and profitability in each country : Among other topics, a discussion of the different countries' currencies, trade policies and cultural variables that may affect operations and profitability in each country.

What is cross-price elasticity of demand in firm and charm : data collected in the imaginary economy of Perturbia reveals that when the price of cham increased by 20%, the quantity of cham sold decreased by 30%, and the quantity of firm demanded increased by 15%.

Describe advantages and disadvantages of choice you made : Would you seek to acquire a company within the European Union or outside of it and describe the advantages and disadvantages of the choice you made.

Determine point price and income elasticity for household : An estimate of the demand function for household furniture produced the following result F= 0.0036Y1.08R0.16P-0.48 p=0.996 where F= furniture expenditures per household. Y= disposable personal income per household.

What is the effect of this tariff on the us economy : What is the effect on the economic well-being of a nation when a tariff is imposed Consult a newspaper and identify an industry where there currently is a tariff. please provide the source. What is the effect of this tariff on the U.S. economy

Importance of financial information to the hospital : Who are the various users of the hospital financial information and how is the information used in healthcare decision making and discuss the differences between financial and managerial accounting and how each applies to healthcare

Compute the molar mass of the compound : she measures the freezing point of the solution to be 2.7 oC; that of pure cyclohexane is 6.5 oC. cyclohexane has a Kf of 20.2 oC/m. caclculate the molar mass of the compound

What is the utility of one year in the chronic health state : suppose you are asked to use the standard time trade-off approach to measuring quality of life and are given the following information. an individual is faced with living the remaining 10 years of her life suffering from severe osteoporosis.

What is the maximum loan vance : What is the maximum loan Vance could take from this qualified plan, assuming the plan permitted loans?

User Account

All Pages