Business, 23.12.2019 17:31, zhenhe3423

1. from international trade, do the gains to the gainers exceed the losses to the losers? explain. 2. does international trade cause unemployment to rise in the u. s.? briefly list five arguments often given to support trade restrictions. overall, what do economists think about these arguments? 3. is it better for the u. s. dollar to appreciate and be strong, or depreciate and be weak? if the u. s. dollar depreciates, what will likely happen to the u. s. trade deficit?

Answers: 1

Show answers

Answers

answered: AM28

1. From international trade, do the gains to the gainers exceed the losses to the losers?

Yes, in general terms, international trade is benefitial to the world economy. This is because of the concept of comparative advantage: countries specialize in the activities that represent the lowest opportunity cost. In other words, countries do what they do best, export their products, and import those they can't produce well.

2. Does international trade cause unemployment to rise in the U.S.?

Depends on the sector. For example, manufacturing jobs in the Midwest have suffered massive losses because companies have moved those jobs to lower-wages countries such as Mexico, China or Vietnam.

On the other hand, highly complex sectors such as computer engineering have benefited from international trade because U.S. companies dominate the market (Intel, Google, AMD, Apple, etc), sell their products all over the world, and locate the highest paying jobs in the U.S.

Briefly list five arguments often given to support trade restrictions.

National Sovereignty: some people are in favor of autarky, or national self-sufficiency, because of national defense, cultural values, or both. Over 90% of economists support free trade, and therefore, are against autarky.Protection of infant industries: some argue that infant industries should be protected until they grow and can compete. Most economists disagree, but some, for example, developmentalists, agree with this point.Cultural values: free trade can effectively erase whole sectors of the economy and change cultures. For example, Detroit deindustrialized, and became a vastly different city, it even depopulated. Economists do not usually study culture, but many of them recognize that economic efficiency can come at a great cost.Dumping: some countries have used dumping, which is the exporting of goods at very cheap prices even if that represents an accounting loss, with the aim of driving other competitors out of business. Once competition is cleared, prices can be raised. Economists disagree with dumping. The World Trade Organization has signed anti-dumping agreements for example.Food Sovereignty: the idea that consumers of food should be in control of its production and distribution. This usually implies that food should be produced locally, and fit cultural values. This idea, again, goes against the concept of comparative advantage that most economists agree with, and has little support in mainstream economic thinking.

3. Is it better for the U.S. dollar to appreciate and be strong, or depreciate and be weak?

Depends on the economic model. If the U.S. wants to become an export-oriented economy, a weak dollar could be good because it would make U.S. goods cheaper. However, a strong dollar can represent a strong economy, and project power.

4. If the U.S. dollar depreciates, what will likely happen to the U.S. trade deficit?

The trade deficit, in theory, should be reduced, because U.S. goods will become cheaper, and the country will export more. However, if U.S. goods were not competitive or wanted abroad, even a very weak dollar would not help reduce the deficit.

answered: Guest

the famous singer stefani joanne angelina germanotta is welly known as lady gaga

answered: Guest

The answer is yes it's correct they have to guarantee that job back when they come back

Other questions on the subject: Business

Business, 22.06.2019 01:00, jonzyjones3114

Bond x is noncallable and has 20 years to maturity, a 7% annual coupon, and a $1,000 par value. your required return on bond x is 10%; if you buy it, you plan to hold it for 5 years. you (and the market) have expectations that in 5 years, the yield to maturity on a 15-year bond with similar risk will be 9.5%. how much should you be willing to pay for bond x today? (hint: you will need to know how much the bond will be worth at the end of 5 years.) do not round intermediate calculations. round your answer to the nearest cent.

Answers: 3

continue

Business, 22.06.2019 01:30, Arealbot

The strength of the economy depends on the balance pf production and consumption of goods and consumption of goods and services

Answers: 1

continue

Business, 22.06.2019 04:30, juliashalnev

The lee family is looking to buy a house in one of two suburban areas just outside of a major city, and air quality is a top priority for them. overall air quality is calculated by taking measures in 100 locations within each suburb and then calculating a measure of central tendency. in one suburb, there is a major bus station that creates very poor air quality at its location but has no impact in the surrounding parts of the suburb. in this situation, which measure of overall suburb air quality would be most useful?

Answers: 3

continue

Business, 22.06.2019 04:40, boomerjm

How long have u been on dis website

Answers: 2

continue

Do you know the correct answer?

1. from international trade, do the gains to the gainers exceed the losses to the losers? explain....