Trade with other countries destroys domestic jobs

Assignment Help Business Economics

Reference no: EM131196627

Opponents of free trade often argue that trade with other countries destroys domestic jobs; it threatens industries that are vital to national security; it inhibits the chances of a new domestic industry from surviving; and that it is only desirable if firms in different countries are subject to the same laws and regulations (that is, all firms have a level playing field).

From an economic perspective for each of these four arguments for restricting trade, what are your views? Does free trade only destroy jobs? Why or why not? Is the national security argument valid or not? Why or why not? For the “infant industry” argument, does that attempt to create a class of winners and losers? Provide specific examples to support your answers.

Many companies use the argument that “the lack of a level playing field” is costing them losses in sales and prohibits them from hiring more workers. What do you think?

Reference no: EM131196627

Questions Cloud

Output of perfectly competitive market : What is the relationship between the output of a perfectly competitive market and the output of a monopoly when both face the same costs (assume constant marginal cost) and the same linear demand. Sketch this basic assumptions and comment on the two ..

Competition-oligopoly-monopolistic competition : Of the four industry structures we discussed (monopoly, competition, oligopoly, monopolistic competition), very briefly what is the main advantage and disadvantage of each? Do you see a preferred/ideal industry structure? Why/why not?

The international market screening process : It is important to understand market needs to ensure that the market mix—including product, price, promotion, and place (distribution)—meets market needs. This task is difficult in a domestic setting, but global marketing adds many new dimensions to ..

Would have accumulated if simple interest had been paid : A student deposits $1000 in a savings account that pays interest at the rate of 6% per year, compounded annually. If all of the money is allowed to accumulate, how much will the student have after 12 years? Compare this with the amount that would hav..

Trade with other countries destroys domestic jobs : Opponents of free trade often argue that trade with other countries destroys domestic jobs; it threatens industries that are vital to national security; it inhibits the chances of a new domestic industry from surviving; and that it is only desirable ..

Average fixed cost and marginal cost vary production levels : How do average variable cost, average fixed cost, and marginal cost vary as production levels for a firm are increased? Draw a curve for average fixed cost (AFC) as production increases, and explain why the curve continuously decreases.

Some significant changes in the global economy : Globalization and technology developments have led to some significant changes in the global economy. Discuss the importance of such changes to the United States. What is the impact upon supply chains? Optional: Use your own company as an example

Are there incentives other than economic incentives : Imagine that you are the owner of a day-care center and that parents consistently pick their children up late. Your clearly stated policy is that children are supposed to be picked up by 5:30 pm. This makes pick-up time uncomfortable for all involved..

Indebted to the young men and women in the military : We are deeply indebted to the young men and women in the military who choose to serve and risk their lives for their country. All of us benefit from their sacrifices. Now, the question is: what motivates and incentivizes soldiers to risk their lives?..

User Account

All Pages