User Account

All Pages

What is the issue discussed in the visual media item

Assignment Help Microeconomics
Reference no: EM13921801

Evaluating Trade Issues

Now that you are familiar with trade barriers and the reasons they may or may not be used, it is time to evaluate a trade issue for yourself. You will read and analyze two images related to trade. Then you will take a stand on the issue. Use this template to organize your responses.

Steps:

Choose two different visual media items that express opinions about trade agreements, barriers to trade or free trade. Theresource listprovides some examples of visual media and guidance on where to locate them on the Internet. Be sure to include the media item, or directions on how to access it, with your assessment. Make a note of the key events and ideas evident in the item, the creator and date of origin, and be sure to read any captions or quotes that are included.

Analyze the message delivered by each of your visual media items. Foreachitem, respond to the following questions in complete sentences. Cite evidence from the resource and the lesson to justify your responses.

What is the issue discussed in the visual media item you chose?

What is the creator's viewpoint on the issue? What details in the resource support the author's claim? Provide evidence from the item to support your response.

Does this viewpoint reflect a commitment to free trade or to protectionism?

Explain your answer and include evidence from the item to support your response.

Do you agree or disagree with the viewpoint of the item you chose? Why or why not?

Respond to the following reflection questions based on your understanding of free trade and protectionism.

What are two benefits and two costs of free trade?

What is protectionism and why would a country base trade policy on it? Explain at least two reasons.

Reference no: EM13921801

Questions Cloud

Approach to the study of decision making : The decision theory processes of maximizing expected monetary value (EMV) and minimizing expected opportunity loss (EOL) should lead us to choose the same alternatives
Compare and contrast leadershilp styles : Leadership is improtant in shaphig the culture of an organization. With regard to this, compare and contrast leadershilp styles - Demonstrate competence in the use of written and oral communication skills using a range of techniques and technology.
Lesley used the effective interest rate method : What item(s) in the table would appear on the 2016 statement of cash flows?
Find the revenue maximizing output and price : Find the revenue maximizing output and price. Calculate the total revenue. Is this outcome on the elastic, inelastic, or unitary elastic part of the demand curve?
What is the issue discussed in the visual media item : What is the creator's viewpoint on the issue? What details in the resource support the author's claim? Provide evidence from the item to support your response.
Intensive production process : Lacy Dalton had just been appointed CFO of Garland & Wreath when she received some interesting reports about the profitability of the company’s three most important product lines. One of the products, GW1, was produced in a very labor- intensive prod..
Diameters of mature pine and spruce trees : A field researcher is gathering data on the trunk diameters of mature pine and spruce trees in a certain area.  The following are the results of his random sampling.  Can he conclude, at the 0.10 level of significance, that the average trunk diame..
Calculate the point elasticities for price and income : The BJC Company has the following demand function: Calculate the point elasticities for price and income. Is the product a normal or an inferior good?
What will happen to revenue if the company raises its price : Is demand elastic or inelastic? What will happen to revenue if the company raises its price?

Reviews

Write a Review

Microeconomics Questions & Answers

  What would the costs of each action be how would you make

sometimes market activities production buying and selling have unintended positive or negative effects outside the

  How innovation important to dynamic increasing in industry

In each of your examples, show how innovation and learning-by-doing are important to the dynamic increasing returns in the industry.

  Corporation business activities in foreign host country

The CEO and COO in the United States hope to use your writing and experience to convince other workers of value of what Acme is doing abroad.

  What is the developer''s most profitable site

What is the developer's most profitable site? Suppose the developer negotiates with a number of towns. At which site would you predict the final agreement to be reached? Does this site generate maximum net benefits?

  Competitive prices for their specialty cakes

Ace Bakery charges competitive prices for their specialty cakes, even though it has no competition. This is most likely because:

  Find the slope of the budget line

What is the slope of the budget line and does this change depending on which combination of goods is purchased?

  Two countries creates opportunities for arbitrage

The difference in the prices of a good in two countries creates opportunities for arbitrage: trader buy the good at the low price in one country and sell it at a high price in the other. when the difference in the prices vanishes and the world price ..

  Response in relation to scarcity and in terms of the demand

One of the functions of price is to ration resources and goods and services. What do we mean when we say price serves as a rationing device? Elaborate your response in relation to scarcity and in terms of the demand and supply model

  Select the developing country and explain its economic

choose a developing country and discuss its economic growth in the last 2-3 years. include the following

  Market changes affect demand for resources in related makets

How markets allocate resources. Derived demand is the change in demand due to a result initiated in another market. Market changes affect the demand for resources in related markets. For the following scenario, you are given a list of products.

  Which country has an absolute advantage of producing wheat

Labor hours required to produce one unit of cloth in the united kingdom is 6. The labor hours required to produce one unit of cloth in the united states is 5. Which country has an absolute advantage of producint wheat In producing cloth

  Deduce first-order condition for firms profit maximization

consider a broking firm that supplies consulting services. the corresponding demand relation and cost functions are and

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd