What other ways can international trade create jobs

Assignment Help Business Economics
Reference no: EM131090362

International trade can be one of the more contentious political topics in our country. Examples from importing goods from other countries to outsourcing labor offshore leads to major political debate on both sides of the aisle.

One point we often miss in international trade is that, opening the economy up to trade may increase employment. Automakers are great examples of this - as sales of Toyota, Honda, etc. have increased, these foreign firms have opened factories in the U.S.

In what other ways can international trade create jobs? What other examples can you think of?

Reference no: EM131090362

Questions Cloud

Compare and contrast neoclassical vs behavioral economics : Choose one essay below and write at minimum a 5 paragraph essay (WITH EXAMPLES) APA style Minimum 2 sources excluding the text book. Make a case that either the government works or the government doesn’t work. What is the relationship between fixed c..
Remember to indicate tax revenue-deadweight loss : The US imports car tires from China. In 2009, the administration imposed a 35% tariff on imported tires. Draw a supply-demand diagram depicting the impact of a $35 tariff on a $100 tire. Remember to indicate tax revenue, deadweight loss, and consumer..
Firm is currently operating at the minimum efficient scale : Green Energy, Inc., is a manufacturer of wind turbines. In the annual meeting, the directors are discussing the next year's operation plans. With the country's GDP growing at an impressive pace, overall energy demand is expected to increase by 10 per..
The main discussion question is interesting : The main discussion question is an interesting one this week, but the realm of exchange rates has a major influence on macroeconomics. As economies become more and more open in trade, the value of a nation's currency can influence GDP and interest ra..
What other ways can international trade create jobs : International trade can be one of the more contentious political topics in our country. Examples from importing goods from other countries to outsourcing labor offshore leads to major political debate on both sides of the aisle. In what other ways ca..
What is the output of each firm in this long-run equilibrium : The market for good X is perfectly competitive. The demand and supply functions of good X are given as follows: Demand: Qd = 6000 – 30 P Supply: Qs = –500 + 20 P Qd is quantity demanded in thousand units, Qs is quantity supplied in thousand units, an..
What is the equilibrium unemployment rate : Suppose that there is a fixed number of workers. Each worker is at a certain instance either employed or unemployed. What is (in rate per month) the rate of job finding (f) ? What is the rate of job separation (s) ? What is the equilibrium unemployme..
When in fact the market should only consist of product : Suppose a market is defined too narrowly as product A. That is, the correct definition of the market should include other products as well, such as B, C, and D. Explain how this affects the values of the concentration ratio and Herfindahl index. What..
The rise of radical challenges from farmers : The last quarter of the nineteenth century saw the rise of radical challenges from farmers and working people throughout the United States. To what economic, social and political changes were these groups responding? What were their successes and/or ..

Reviews

Write a Review

Business Economics Questions & Answers

  The current federal deficit and the current federal debt

Using only.gov Websites report the current GDP, the current Federal deficit, the current Federal debt, the bottom line of the current (last) budget approved by Congress (surplus or shortage). Note that the fiscal year for the federal government is Oc..

  What is the cost to lavaland of moving from point e

What is the cost to Lavaland of moving from point E to point F. Illustrate what general economic principle is being illustrated.

  Discouraging the flow of trade due to risks and uncertaintie

A business traveler to Germany who, upon deplaning in Berlin, uses an airport ATM to withdraw 100 Euros from her U.S. bank would receive which kind of exchange rate?

  Consider the market for insurance against car theft

Consider the market for insurance against car theft. Some people are more likely than others to have their car stolen. Because insurance companies have less information about this risk than their customers do, the market for car theft insurance suffe..

  Two factors of production capital and labor

Countries A and B have two factors of production, capital and labor, with which they produce two goods, X and Y. Technology is the same in the two countries. X is capital- intensive; A is capital-abundant. Analyze the effects on the terms of trade an..

  What is the probability of not finding a job

Consider an environment where an agent could be either employed E or unemployed U. Let’s normalize E + U = 1, so that E and U is interpreted as the fraction of people employed and unemployed at any given point in time, respectively. What is the proba..

  Illustrate what would the benefits of each action

Illustrate what would the benefits of each action be (besides emissions reduction). Illustrate  what would the costs of each action be.

  Global trend in the political independence of central banks

The political independence of central banks is an increasingly important issue in the global economy. What is the global trend in the political independence of central banks? Is this good or bad for the global economy? Explain with examples.

  Derive the block-pricing scheme

In this problem, you will be asked to derive the block-pricing scheme that maximizes profit in the case of 2nd-degree price discrimination when a monopolist faces a consumer with high demand PH = 80 − QH, a consumer with low demand PL = 50 − QL, and ..

  Aggregate demand recession is transmitted

Illustrate what is the mechanism by which an aggregate demand recession is transmitted from one country to another.

  Consumer budget constraints when young

Write down the consumer budget constraints when young also when old the consumer lifetime budget constraint the government budget constraint also the market clearing conditions.

  How far below or above his goal will he be

He plans to marry at about the end of year 6 and will skip the investment contibutions that year. How far below or above his $300,000 goal will he be?

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