Effects of international trade on the us economy

Assignment Help Microeconomics
Reference no: EM13759041

1. Explain the production possibility curve by (a) definition (b) description and direction of the shifts (c) description of the points of efficiency and inefficiency.

2. a. What are the positive and negative effects of International Trade on the US economy.

b. "Buy American" is a protectionist trade policy. How does or how would this policy affect your place of work or an industry that you are familiar with?

3. Our country, the USA has lots of resources that gain for it a great comparative advantage over other countries. Explain at least TWO resources that clearly identify and give that comparative advantage.

4. Explain why a strong US dollar is or is not good for the industry you work for or a firm you are familiar with. How do changes in income, productivity, interest rates and productivity from a macroeconomic level affect exchange rates?

5.How does the trade deficit affect the US economy? Explain the positive and negative effects of the trade deficit in your industry or firm you are familiar with.

6. What is your understanding of balance of trade and balance of payment? How would you distinguish one from the other?

7. The US had entered into many trade agreements with other countries. Cite an example of one and how does this affect you and your place of work at the microeconomic level?

8. Determine the car you drive to your place of work everyday. Do you consider this an American car or partly American-made?

9. In addition to car or automobile manufacturing, please cite some other paradoxes in global competition.

Reference no: EM13759041

Questions Cloud

Discuss iterative design as it relates to databases overall : Discuss iterative design as it relates to databases overall. Determine whether one must design a database iteratively or design the entire database all at once. Provide a rationale for your answer
Evaluate the expected outcome : Virgil is evaluating an investment that has a 15% chance of losing $10,000, a 50% chance of breaking even, a 30% of making $80,000 and a 5% chance of making $400,000.  Evaluate the expected outcome of this investment
Features of both the apple ipad and the samsung galaxy tab : Compare and contrast the features of both the Apple iPad and the Samsung Galaxy Tab
The athletic department of the university of colorado : 3. The athletic department of the University of Colorado conducted a research to see how many students attended a home football game last season. The University has a population of 25,450, and the study showed that 870 of 1100 students sampled attend..
Effects of international trade on the us economy : Explain the production possibility curve by (a) definition (b) description and direction of the shifts (c) description of the points of efficiency and inefficiency.
What is the accounting equation : What is the accounting equation? Suppose your company sold $12,000 in merchandise to a customer for cash. How does this transaction impact the accounting equation?
Brands of virtualization software available : Compare and contrast the top three (3) brands of virtualization software available. Focus your efforts on components such as standard configuration, hardware requirements price, and associated costs
Random samples of 25 female and 22 male customers : Q-mart is interested in comparing its male and female customers. Q-mart would like to know if the amount of money spent by its female charge customers differs, on average, from the amount spent by its male charge customers. To answer this question, a..
International risk management protection : International arena and determine which type of political risk coverage would provide the best protection against loss for an American company with a substantial investment in that country.

Reviews

Write a Review

Microeconomics Questions & Answers

  The free rider problem

Question: Explain why the free rider problem makes it difficult for perfectly competitive markets to provide the Pareto efficient level of a public good.

  Failure of the super committee is good thing for economy

Some commentators have argued that the failure of the “Super committee” is good thing for the economy?  Do you agree?

  Case study analysis about optimum resource allocation

Case study analysis about optimum resource allocation: -  Why might you suspect (even without evidence) that the economy might not be able to produce all the schools and clinics the Ministers want? What constraints are there on an economy's productio..

  Fixed cost and vairiable cost

Questions:  :   Which of the following are likely to be fixed costs and which variable costs for a chocolate factory over the course of a month?  Explain your choice.

  Problem - total cost, average cost, marginal cost

Problem - Total Cost, Average Cost, Marginal Cost: -  Complete the following table of costs for a firm.  (Note: enter the figures in the  MC   column  between  outputs of  0 and 1, 1 and 2, 2 and 3, etc.)

  Oligopoly and demand curve problem

Problem based on Oligopoly and demand curve,  Draw and explain the demand curve facing each firm, and given this demand curve, does this mean that firms in the jeans industry do or do not compete against one another?

  Impact of external costs on resource allocation

Explain the impact of external costs and external benefits on resource allocation;  Why are public goods not produced in sufficient quantities by private markets?  Which of the following are examples of public goods (or services)? Delete the incorrec..

  Shifts in demand and movements along the demand curve

Describe the differences between shifts in demand and movements along the demand curve. What are the main factors which can shift the demand curve? Explain why they cause the demand curve to shift. Use examples and draw graphs to support your discuss..

  Article review question

Article Review Question: Read the following excerpts from the article "Fruit, veg costs surge' by Todd, Dagwell, published in the Herald on January 25th 2011 and answer questions below:

  Long-term growth, international trade & globalization

Long-term Growth, International Trade & Globalization:- This question deals with concepts such as long-term growth, international trade and globalization. Questions related to trade deficit, trade surplus, gains from trade, an international trade sce..

  European monetary union (emu) in crisis

"Does the economic bailout of Spain and Greece spell the beginning of the end for the European Monetary Union (EMU)?"

  Development game “settlers of catan”

Read the rules of the game, the overview and the almanac for the Development Game "Settlers of Catan"

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