What other ways can international trade create jobs

Assignment Help Business Economics

Reference no: EM131090362

International trade can be one of the more contentious political topics in our country. Examples from importing goods from other countries to outsourcing labor offshore leads to major political debate on both sides of the aisle.

One point we often miss in international trade is that, opening the economy up to trade may increase employment. Automakers are great examples of this - as sales of Toyota, Honda, etc. have increased, these foreign firms have opened factories in the U.S.

In what other ways can international trade create jobs? What other examples can you think of?

Reference no: EM131090362

Questions Cloud

Compare and contrast neoclassical vs behavioral economics : Choose one essay below and write at minimum a 5 paragraph essay (WITH EXAMPLES) APA style Minimum 2 sources excluding the text book. Make a case that either the government works or the government doesn’t work. What is the relationship between fixed c..

Remember to indicate tax revenue-deadweight loss : The US imports car tires from China. In 2009, the administration imposed a 35% tariff on imported tires. Draw a supply-demand diagram depicting the impact of a $35 tariff on a $100 tire. Remember to indicate tax revenue, deadweight loss, and consumer..

Firm is currently operating at the minimum efficient scale : Green Energy, Inc., is a manufacturer of wind turbines. In the annual meeting, the directors are discussing the next year's operation plans. With the country's GDP growing at an impressive pace, overall energy demand is expected to increase by 10 per..

The main discussion question is interesting : The main discussion question is an interesting one this week, but the realm of exchange rates has a major influence on macroeconomics. As economies become more and more open in trade, the value of a nation's currency can influence GDP and interest ra..

What other ways can international trade create jobs : International trade can be one of the more contentious political topics in our country. Examples from importing goods from other countries to outsourcing labor offshore leads to major political debate on both sides of the aisle. In what other ways ca..

What is the output of each firm in this long-run equilibrium : The market for good X is perfectly competitive. The demand and supply functions of good X are given as follows: Demand: Qd = 6000 – 30 P Supply: Qs = –500 + 20 P Qd is quantity demanded in thousand units, Qs is quantity supplied in thousand units, an..

What is the equilibrium unemployment rate : Suppose that there is a fixed number of workers. Each worker is at a certain instance either employed or unemployed. What is (in rate per month) the rate of job finding (f) ? What is the rate of job separation (s) ? What is the equilibrium unemployme..

When in fact the market should only consist of product : Suppose a market is defined too narrowly as product A. That is, the correct definition of the market should include other products as well, such as B, C, and D. Explain how this affects the values of the concentration ratio and Herfindahl index. What..

The rise of radical challenges from farmers : The last quarter of the nineteenth century saw the rise of radical challenges from farmers and working people throughout the United States. To what economic, social and political changes were these groups responding? What were their successes and/or ..

User Account

All Pages