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THE GOVERNMENT WILL GET MORE EXPENSIVE WHEN THE GOVERNMENT IS GOING TO PAING THE SALARIES OF WORKERS WHO HAVE LOST THEIR JOBS DUE TO THE IMPORT OF GOODS WHY? BECAUSE THE GOVERNMENT IS REDUCING THE PRODUCTIVITY OF WORKERS
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3. Which would be more expensive for the economy as a whole: a. If the government...
Australia has only one firm that makes aircraft. Without assistance from the government, that firm has...
Australia has only one firm that makes aircraft. Without assistance from the government, that firm has lost most of its business to imports from the United States and Europe. Which of the following policies would be most costly for the Australian nation as a whole, and which would be least costly? Explain. Policy A: Paying the lone Australian firm a production subsidy per plane, without protecting it against imports. Policy B: Imposing a tariff equal to the production subsidy in...
Problem set # 1. Trade Policy This problem is about trade protection which certain developing countries...
Problem set # 1. Trade Policy This problem is about trade protection which certain developing countries use to protect their favorite industries, and also in the US, President Trump has advocated as a way of protecting American jobs. Apply a diagrammatic approach you have learned from the lectures to show that a policy of for example protecting American steel industry by imposing tariffs on Chinese steel imports will (a) help the US steelworkers and (b) hurt the economy as a...
match the argument with the response suggested by economi Match the argument with the response suggested...
match the argument with the response suggested by
economi
Match the argument with the response suggested by economists. The jobs argument: Trade should be restricted A Trade restriction causes domestic prices to rise. The cost because it destroys jobs in industries that compete with imports to consumers exceeds the lost earnings of workers who lose their jobs. It would be cheaper to pay the workers The dumping argument When a producer sells a retaliation from trading partners will shrink employment...
e What impact do you the major increase in US government penting would have on the...
e What impact do you the major increase in US government penting would have on the Canadian economy Explain Am increase in US government and would cause which w Canadian economy to us imports from Canada and s ports i Canada. This would cause in the
Problem 26-08 Which of the following terms of trade credit is the more expensive? Assume there...
Problem 26-08 Which of the following terms of trade credit is the more expensive? Assume there are 365 days in a year. Round your answers to one decimal place. a. A 3 percent cash discount if paid on the 20th day with bill due on the 40th day (3/20, net 40) The simple interest rate: % The compound interest rate: % b. A 1 percent cash discount if paid on the 5th day with bill due on the 30th day...
Question 26 One way to avoid protectionist restrictions would be to privatization make the last significant...
Question 26 One way to avoid protectionist restrictions would be to privatization make the last significant change to the product here in the US impose tariffs do away with quotas Question 27 The negative impact of protectionism is when M decrease due to higher US producer prices politicians lose their jobs jobs are lost in the protected industry P increases in the protected industry causing less C in other industries Question 28 Which of the following facts is true about...
i need help please... 13. The government subsidizes education and retraining for workers who have lost...
i need help please...
13. The government subsidizes education and retraining for workers who have lost their jobs because of advances in technology. Which TYPE of unemployment does this policy address? 14. In May of 2000, economists were saying that the US economy was close to full employment even though the unemployment rate was 4.1%. Explain. 15. Using the following data on the Consumer Price Index for a fictitious economy, tell whether there has been inflation, deflation (or neither) from...
5. The economy below would be characterized as a domestic output AE, closed economy government 200...
5. The economy below would be characterized as a domestic output AE, closed economy government 200 230 20 250 270 20 300 310 20 350 350 20 400 390 20 450 430 20 500 470 20 A) private closed economy B) private open economy C) closed mixed economy D) open mixed economy 6. If all forms of spending below are integrated into the economy, equilibrium GDP is domestic output AE, closed economy government 200 230 20 250 270 20 300...
21. Insofar as government public policy is concerned, the best way to battle unemployment would be...
21. Insofar as government public policy is concerned, the best way to battle unemployment would be A. to minimize the severity of recessions B. to maximize unemployment payments C. to maximize unemployment insurance duration D. to minimize labor unions 22. The labor force consists of A. discouraged workers, employed workers, plus those actively seeking work. B. all adults who are working or actively seeking work. C. all adults who are able to work D. all adults who are working, plus...
1. To protect American jobs, the US government may decide to cut US imports of bulldozers...
1. To protect American jobs, the US government may decide to cut US imports of bulldozers by 60%. It could do so by either: -Imposing a tariff high enough to cut bulldozer imports by 60% -Persuading Komatsu and other foreign bulldozer makers to set up a voluntary export restraint arrangement to cut their exports of bulldozers to the US by 60%. a. Which of these two policies would be less damaging to the United States as a whole? Please explain....
match the argument with the response suggested by
economi
Match the argument with the response suggested by economists. The jobs argument: Trade should be restricted A Trade restriction causes domestic prices to rise. The cost because it destroys jobs in industries that compete with imports to consumers exceeds the lost earnings of workers who lose their jobs. It would be cheaper to pay the workers The dumping argument When a producer sells a retaliation from trading partners will shrink employment...
e What impact do you the major increase in US government penting would have on the Canadian economy Explain Am increase in US government and would cause which w Canadian economy to us imports from Canada and s ports i Canada. This would cause in the
Problem 26-08 Which of the following terms of trade credit is the more expensive? Assume there are 365 days in a year. Round your answers to one decimal place. a. A 3 percent cash discount if paid on the 20th day with bill due on the 40th day (3/20, net 40) The simple interest rate: % The compound interest rate: % b. A 1 percent cash discount if paid on the 5th day with bill due on the 30th day...
i need help please...
13. The government subsidizes education and retraining for workers who have lost their jobs because of advances in technology. Which TYPE of unemployment does this policy address? 14. In May of 2000, economists were saying that the US economy was close to full employment even though the unemployment rate was 4.1%. Explain. 15. Using the following data on the Consumer Price Index for a fictitious economy, tell whether there has been inflation, deflation (or neither) from...
21. Insofar as government public policy is concerned, the best way to battle unemployment would be A. to minimize the severity of recessions B. to maximize unemployment payments C. to maximize unemployment insurance duration D. to minimize labor unions 22. The labor force consists of A. discouraged workers, employed workers, plus those actively seeking work. B. all adults who are working or actively seeking work. C. all adults who are able to work D. all adults who are working, plus...
1. To protect American jobs, the US government may decide to cut US imports of bulldozers by 60%. It could do so by either: -Imposing a tariff high enough to cut bulldozer imports by 60% -Persuading Komatsu and other foreign bulldozer makers to set up a voluntary export restraint arrangement to cut their exports of bulldozers to the US by 60%. a. Which of these two policies would be less damaging to the United States as a whole? Please explain....
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