AE2 PART 2

What are the positive effects of international trade? Select one: a.stimulates and facilitates the full use of national capital; b.ensure the full use of the resources available in each country, contributing to market growth; c.it is a tool sometimes used to transfer new ideas and technologies; d.does not contribute to the fight against monopolistic tendencies;

Suppose that Bangladesh, a relatively poor, agricultural nation with a low level of technological development, has been able to improve its technology since it joined a free-trade agreement. Which of the following benefits of international trade describes this free-trade benefit that Bangladesh enjoys? a. Increased competition b.Increased variety of goods c.Lower unit costs through economies of scale d. Enhanced flow of ideas   Bangladesh has been able to improve its technology through imports due to its adherence to a multilateral approach to trade restrictions that has dramatically reduced average tariffs among member nations and is known as the ______________. a. North America Free Trade Agreement (NAFTA) b. General Agreement on Tarrif and Trade (GATT) c. World Trade Organization (WTO)

How does international trade affect the economic well-being of the Philippines? Explain who gains and who loses. Give specific examples.

Q78 The main objective of protectionist trade policies is typically to... a. Maximise world production. b. Shield local producers from foreign competition. c. Create a level playing field. d. Raise government revenues through tariffs. e. Raise average real wages in the economy.

Which of the following is not an advantage of trade liberalization? Select one: a. An access to a larger market  b. Reduction in the cost of transportation c. Increased export credit facilities d. Improvements in communication systems e. An increase in competition

What is a benefit of reducing barriers to international trade?   Group of answer choices   The specialization it promotes leads to greater worker productivity   It supports domestic production   It creates an obstacle to economies of scale, increasing profit   Increasing tariffs yields greater domestic profits.

International trade has been a great boon for many countries and, in general, has been more beneficial for the world than not. However, there are both costs and benefits associated with international trade. Present and discuss two advantages of international trade and two disadvantages of international trade.  

Please as soon as possible.thank you Explain the role that quotas and tariffs play with international trade. Give a specific well explained example for each concept.

Discuss four (4) ways in which your government could use trade barriers to protect its market from foreign competition. Include in your discussion who can be affected by these trade barriers and what course of action can be taken by affected parties in seeking remedial action against the measures instituted by your government.

What is an argument expressed to counter infant industry rationale for protectionism?   Group of answer choices   The protectionism intended to be short-term often extends further than planned.   Trying to create a comparative advantage is typically less successful than investing in industries that already have a comparative advantage.   The industry typically fails to be worth investing in, and thousands of jobs are lost.   Government intervention in international trade is rarely successful.

Question 11 Use the AS/AD framework to show what happens to GDP and the price level in the short and long run following a permanent increase in government spending, when the country starts at potential GDP.What is likely to hannen to consumption, inyestment and net exports during the adjustment to the long run?

In intentional trade negotiations, it is very common for a country's trade representative to threaten to enact protectionist policy that include: tariffs, quotas, quota-tariff, national security restrictions, and domestic content requirements. Define what each of these protection policies. Explain why quotas are usually the least creditable threat. If the trade represents a small importing country, would it make economic sense to threaten tariffs? Why or Why not?

Critically discuss the economic rationales for Governments to intervene in international trade which would affect their country. You must provide examples to justify your points for each question Explain the concept of a trade embargo and its effect on the country where the embargo has been placed.You must provide examples to justify your points for each question

Demonstrate competence in words the theory & evolution of international trade with emphasis on comparative advantage.

Discuss the strategies of the United States and Europe in dealing with trade over the last several decades. Imagine you were in another region of the world. Which strategy do you think you would recommend they adopt and why? Are there certain conditions that would facilitate one strategy and others that would suggest another?

Define protectionism and explain non-tariff barriers to trade. Who are the major beneficiaries and losers from protectionism in an economy engaging in protectionism?

Policymakers and economists have been trying to come up with the best policy mix to improve economic conditions in the United States following the large-scale recession. In class we've discussed the costs and benefits of international trade and concluded that in the long run, all who participate in free trade achieve gains. However, the short run costs are too large to ignore. Many policymakers have pushed for a more protectionist stance to help U.S. industries recover. Consider the following proposal: The U.S. will no longer import goods or services from other countries. It will instead focus on exports that employ American workers in domestic manufacturing plants. All products sold in the U.S. will bear the stamp “Made in the USA” on their label. Assess the pros and cons of this policy mix for the United States. Make sure to comment on the effect on GDP, inflation, and unemployment if the U.S. were to cut off international trade. Is this the best solution to get the U.S economy back…

Policymakers and economists have been trying to come up with the best policy mix to improve economic conditions in the United States following the large-scale recession. In class we've discussed the costs and benefits of international trade and concluded that in the long run, all who participate in free trade achieve gains. However, the short run costs are too large to ignore. Many policymakers have pushed for a more protectionist stance to help U.S. industries recover. Consider the following proposal: The U.S. will no longer import goods or services from other countries. It will instead focus on exports that employ American workers in domestic manufacturing plants. All products sold in the U.S. will bear the stamp “Made in the USA” on their label. Discuss the different types of protectionist measures (tariffs, quotas, or ending trade) and their potential impacts on the United States’ reputation with the rest of the world. Is there a likelihood of a trade war? Did the Smoot-Hawley…

Describe benefits from international trade.

Which of the following describe technical barrier to trade? Select all that apply. Government controls imposed on the flow of capital into or out of the country ☐ Two prospective trading partners being very distant from one another O Trading partners struggling to made trade deals because of the inability to communicate seamlessly and effectively ☐ Imposition by a country of a numerical limit on how much sugar can be imported under a low tariff ☐ Agricultural subsidies provided by the U.S. government to corn farmers Two countries agreeing to eliminate all tariffs on goods traded between them

Critically discuss four (4) ways in which your government could use trade barriers to protect its market from foreign competition. Include in your discussion who can be affected by these trade barriers and what course of action can be taken by affected parties in seeking remedial action against the measures instituted by your government.

True/False  International trade commonly leads to a availability of better goods and services in a nation

Give example of a trade policy in developed country or region, and explain how does this policy affect the less developed country(is) growth and development as well as their opportunity and ability to benefit from the international trade!

Analyze current economic situations with particular emphasis on tariffs, and how these affect the market in both the exporting and importing countries. Compare and contrast non-tariff impediments to international trade, and analyze their impact on the economy.

Explain the impact of intra and inter-industry trade on a country;

Trade, tariffs, and protectionism Assess the infant industry argument for trade protection.

Which of the following has not been a facilitating factor in world trade? general declines in tariffs import quotas dramatic improvements in communications technology O improvements in transportation technology.

Discuss the advantages and disadvantages in participating in international trade

The theories of absolute and comparative advantage have been offered as economic rationale for trade between and among regions and countries. Compare and contrast the two concepts. Which of the two do you think is more important for explaining the growth in global trade during the last 25 years? Why?