Trade restrictions limiting the sale of cheap foreign goods

Assignment Help International Economics
Reference no: EM13316440

“Trade restrictions limiting the sale of cheap foreign goods in the United States are necessary to protect the prosperity of Americans.” Evaluate this statement made by an American politician.

Reference no: EM13316440

Questions Cloud

The share of airline tickets bought over the internet has : The share of airline tickets bought over the Internet has grown rapidly, whereas the percentage of groceries purchased online remains minuscule. What factors likely explain this difference?
Do you think we should erect trade barriers to keep out : It is often alleged that Japanese producers receive subsidies from their government permitting them to sell their products at a low price in the U.S. market.
How do tariffs and quotas differ : How do tariffs and quotas differ? Can you think of any reason why foreign producers might prefer a quota rather than a tariff? Explain your answer.
Tariffs and import quotas promote economic inefficiency and : Tariffs and import quotas promote economic inefficiency and reduce the real income of a nation. Economic analysis suggests that nations can gain by eliminating trade restrictions
Trade restrictions limiting the sale of cheap foreign goods : Trade restrictions limiting the sale of cheap foreign goods in the United States are necessary to protect the prosperity of Americans
Why do american households and businesses buy things from : Why do American households and businesses buy things from foreigners? What are the characteristics of the items we buy from foreigners? What are the characteristics of the things we sell to foreigners?
Do all investments create wealth : In a market economy, investors have a strong incentive to undertake profitable investments. What makes an investment profitable? Do profitable investments create wealth? Why or why not? Do all investments create wealth? Discuss.
Is the effective interest rate on the loan really 20 percent : A lender made the following statement to a borrower: “You are borrowing $1,000, which is to be repaid in twelve monthly installments of $100 each. Your total interest charge is $200
In which occupation will the annual wage be highest : Consider two occupations (A and B) that employ people with the same skills and abilities. When employed, workers in the two occupations work the same number of hours per day.

Reviews

Write a Review

International Economics Questions & Answers

  Describe why was the problem so hard to solve

the u.s. government wanted to save money by closing some oftheir millitary bases throughout the united states. whilemany people agreeded that saving money was a desirable goal, areaspotentially affected by selection to close reacted negatively.

  How the dollar apprciation will affect us net export

Supposed that, initially, the U.S. economy was in an aggregate demand-aggregate supply equilibrium at point A along the aggregate demand curve AD in the diagram in the next column. Now, however, the value of the U.S. dollar has suddenly appreciate..

  How the us has much stronger growth in output per labor hour

A recent Hal Varian commentary in the New York Times focused on the role of technological knowledge in explaining the different productivity experiences of Europe and the United States. Compared to Europe, the United States experienced much strong..

  Why would japanese producers have agreed to the ver

Suppose that Japanese auto producers voluntarily restrict their exports to the US significantly. (For example, imagine all US imports come from Japan and that the Japanese producers restrict exports to the US to half the free-trade level).

  What effect with congress have on the optimal price

The US cigarette industry has negotiated with Congress and government agencies to settle liability claims against it. Under the proposed settlement, cigarette companies will make fixed annual payments to the government

  International trade activities

Choose a nation with international trade activities. Discuss the comparative advantage that would exist when selected nation has a margin of superiority.

  Determine franc appreciated or depreciated against dollar

Assume the value of the French Franc in terms of dollar is  50 on October 12 , and 44 on October 17. Determine the Franc appreciated or depreciated against the dollar?

  Goal of the world trade organization

major goal of the World Trade Organization and comparative advantage means that one nation can produce and expansion of commercial bank lending

  Find what income elasticity of demand was last week

The demand for pencils by New York University students at the bookstore is given by the following equation, , where I is the average income of nyu students, in dollars per week, Q pencils is the quantity of pencils sold per week.

  Describe the leontief paradox

Suppose If factor-intensity reversals were indeed prevalent in the real world, how might this fact be used to describe the Leontief paradox?

  Find best the governance system of the eu

Which political system describes best the governance system of the EU? Is the governance system of the EU democratic? Why ‘yes', or why ‘not'?

  Compare the international unemployment and inflation levels

Once you've had a chance to look at data, I'm interested to hear your perspective, how they compare with international unemployment and inflation levels, and what impact, if any, they have on GDP.Unemployment and Inflation are two stats I'm sure yo..

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