What are the pros and cons of importing cheap services

Reference no: EM13180609

International trade has pros and cons. Economists generally support free trade. International trade has played a significant part in promoting economic development and technology transfer among countries. There are also various arguments in favor of restricting international trade: protecting jobs, defending national security, helping infant industries, preventing unfair competition, and responding to foreign trade restrictions.

1. What is the impact of free trade on domestic job creation policy? Elaborate with examples.

2. What the impacts of outsourcing and off-shoring on trade liberalization (globalization) and economic structure?

3. What are the pros and cons of importing cheap goods and services?

Reference no: EM13180609

Questions Cloud

Write a formula for indifference curves : Raj's Utility bundles of X and Y is given by U(X,Y)=XY A. Fill in the table with Raj's utility for the corresponding bundles x=1 x=2 x=3 ,y=1 ,y=2 ,y=3 B. Wri..

State the gas buret before the hydrogen gas is genterated : the gas buret before the hydrogen gas is genterated and is not removed, will the reported percent aluminum in the sample be too high or too low?

What bid should you present to your boss : Calculate the total bid if you base your calculations on the standard cost sheet assuming a cost plus 15% government contract and calculate the total bid if you base your calculations on the September 15, 2005, invoice assuming a cost plus 15% gover..

State hydrogen gas escapes during the reaction : If all connections in the apparatus are not airtight and some hydrogen gas escapes during the reaction

What are the pros and cons of importing cheap services : International trade has pros and cons. Economists generally support free trade. International trade has played a significant part in promoting economic development and technology transfer among countries. There are also various arguments in favor ..

Find the volume of the solid generated : A region is bounded by y=5-x, the x axis and the y axis. Find the volume of the solid generated when the bounded region is revolved about the line x=-2. Also graph the bounded region.

Approximate the area bounded by f(x) and the x axis : f(x)= the square root of x^2+1 and [0,4] . Use the midpoint rule with 4 rectangles to approximate the area bounded by f(x) and the x axis.

Does free trade contribute to the improvement of economic : Economists also use the principle of comparative advantage to advocate free trade among countries as a better policy. Trade is not based on absolute advantages countries have but the relative (comparative) advantage. 1. Does free trade contribu..

Approximate the area bounded by f(x) and the x axis : f(x)= the square root of x^2+1 and [0,4] . Use the midpoint rule with 4 rectangles to approximate the area bounded by f(x) and the x axis.

User Account

All Pages