1-do you think restricting the import of Chinese goods will offer an overall economic benefit to the US?
I do not think to restrict the import of Chinese good will offer overall economic benefits to the US. Importing from China results in the lower price of the imported goods in the USA. This benefits the US consumers as they are able to consume more of these goods and that too in a lower average price per unit. This increases consumer surplus. In addition, cheaper import from China provides cheap raw materials to various American firms which can increase competitiveness because of the lower price. These firms are then able to hire more workers which results in higher employment in the USA. In addition, allowing Chinese import also result in China allowing US firms to export in China. US exporters contribute to the GDP as well as employment in the US economy. Therefore, restricting the import of Chinese good will not offer overall economic benefits to the US.
1-do you think restricting the import of Chinese goods will offer an overall economic benefit to...
what goods (or services) do you think that we in the US should focus on that would enable us to become a world leader, thereby adding to our economic growth and quality of life? Conversely, what goods should we rely more on through imports? What goods does it make sense to both import and export, meaning we have increased options and competivite prices.
confirmation is concluded. Payment is to be made by L/C at sight. This offer is subject to our final received the offer: 50 sets of H-type after the contract pany A made an offer to a Japanese company B, saying: Our company can sell you machine at USD 3 50o per set CIF Tokyo. Shipment is to be made within two months at concluded reply as soon as possible. Company B replied to the offer at the time when it...
Do you think that the current economic system of the US is a true capitalist system according to Adam Smith's view in "The Wealth of Nations"?
1. Why do you think that the Chinese historically pegged the value of the yuan to the U.S. dollar? 2. Why did the Chinese move to a managed-float system in 2005? 3. What are the benefits that China might gain by allowing the yuan to float freely against other major currencies such as the U.S. dollar and the euro? What are the risks? What do you think they should do? 4. Is there any evidence that the Chinese kept the...
Essay Two: The US Government has implemented many tariffs on Chinese goods imported into this country. The Administration’s stated goals are two fold; 1) help US companies in these business segments and 2) make China pay for the cost of lost jobs in these business segments. Answer the following questions in your essay. · Do tariffs like this work to improve US jobs? · Will or has China retaliated by adding tariffs on US goods, and if so what has...
What do you think are some of the economic goals of good governments? Do you think they can be achieved or at least impacted through budgeting? Explain.
Do you think the long-term disability insurance benefit would be a valuable addition to Medfirst’s benefit offerings? Should the company include the partial disabilities coverage?
A. What is the U.S. economic system and what do you think are the advantages and disadvantages of the American economic system in the context of globalization? B. Our economic system operates within a digital world where automation is increasing. What do you think are the advantages and disadvantages of automation (use of robots and software to make activities more efficient) in our economic system? C. Given what you are hearing or reading in the news, how do trade agreements...
Chinese economic growth is the outstanding feature of the world economic scene over the past two decades. a. In 2014, U.S. output was $17.4 trillion, and Chinese output was $10.4 trillion. Suppose that from now on, the output of China grows at an annual rate of 6.5% per year, whereas the output of the United States grows at an annual rate of 2.2% per year. These are the values in each country for the period 2010–2014 as stated in the...
Do you think the “$2,000.00 to quit” offer is a sound business practice? Why or why not?