Explain four problems with the argument that trade protection is needed to protect American jobs.  b) Describe the economic reasons why businesses use offshoring.

Q: The reason why international labor standards applied by developed countries are opposed by poor and…

A: International trade is beneficial for all, it increases aggregate consumer surplus and also…

Q: Discuss the restrictions nations place on international trade, the objectives of these restrictions,…

A: International trade: It means that the goods and services are exchanged between the two countries…

Q: Unequal distribution of resources is one of the main reasons for international trade. True False

A: The unequal distribution of resources is one major reason for international trade.

Q: What is the difference between the unilateral andmultilateral approaches to achieving free…

A: Trade: The term trade refers to the sale and purchase of goods and services. If this sale and…

Q: What is offshoring of white-collar service jobs and how does that practice relate to international…

A: Offshoring jobs are jobs which were performed by domestic workers and have changes in status from…

Q: Complete the following sentence. Quotas, as they relate to global trade, are:Choose one answer.a.…

A: Trade is the exchange of capital, factors, goods and services from one nation to other.

Q: Explain the three options for setting standards in trade rules

A: Trade: It refers to the exchange of goods and services in the economy. The more trade between the…

Q: What trade barriers were in place between the years 2000 to 2010.

A: Trade barriers refers to the restrictions placed by the government on international trade.

Q: Explain three possible theories of international trade.

A: International theories state to the business that sets near national borders. It is how nations…

Q: Which of the following is not an argument used in favor of protectionism? a. to protect an…

A: Protectionism is the policy used by the government. Under this policy, it restrict the exports and…

Q: Match the trade barrier with the example US places a tax on imported frozen chicken Japanese trade…

A: Trade barriers restrict the trade between countries. They are not efficient as free trade is always…

Q: Discuss how international trade influences the job market.  What are the opportunity costs to…

A: The movement of a country from a situation of autarchy to free trade can have varied impacts on the…

Q: Discuss this statement: "Free traders win the economic arguments, but protectionists (those who…

A: Free trade is generally a win-win situation for everyone and all the participants are better-off…

Q: In context of international trade explain import substitution and export promotion policies

A: Answer - Import Substitution Policies-  It is the policy which pramotes the domestic goods while…

Q: Quantitatively, how important is international trade to the United States relative to other nations?

A: International trade is the process of exchange of goods and services between different trading…

Q: Why would the establishment of protective trade barriers be a poor way of protecting workers in…

A: Homegrown or Domestic industry implies the homegrown makers overall of a homegrown like item or…

Q: Which of the following is a reason why countries willingly weaken sovereignty through bilateral and…

A: In the second half of the 19th century, many developing or developed nations have opened their…

Q: What is offshoring of white-collar service jobs, and how does it relate to international trade? Why…

A: International trade refers to the process by which the countries engage in exchanging goods and…

Q: Define protectionism and explain non-tariff barriers to trade. Who are the major beneficiaries and…

A: When a government legislates policies to reduce or block international trade it is engaging in…

Q: Question 1: Why are some people (or countries) more protectionist than others? Please use the trade…

A: Protestantism as a religion supports trade restrictions. In order to encourage domestic producers of…

Q: What are the major impacts of immigrants/ immigration on international trade?

A: Immigrants are the people who migrate from one country to another in search of employment for…

Q: What are some of the economic and noneconomic rationales governments use to intervene in trade?…

A: Macroeconomics is a part of economics that deals with production, decision and allocation concerning…

Q: Cars imported into the United States must have certain safety features to be allowed on highways and…

A: Economist argue that the world resources are better utilised if the trade is free among the…

Q: The main objective of protectionist trade policies is typically to... a. Maximise world production.…

A: The protectionism can be defined as a policy of protecting domestic industries against the foreign…

Q: Which of the following is not an argument used in favour of protectionism? a.to protect an "infant "…

A: Protectionism is when a country imposes regulation and barriers on foreign firms and suppliers who…

Q: international trade.

A: Trade restrictions are restrictions imposed on trade for domestic country’s growth and security.…

Q: Explain in detail the key three issues affecting global trade at present?

A: The transfer of capital, goods, and services across international borders or territories in response…

Q: Match each argument for protectionism with the best counter-argument. Protectionism helps new…

A: Protectionism is the policy of protecting domestic industries against foreign competition by means…

Q: Which ONE of the following trade restrictions is likely to be the most transparent for…

A: When talking about international trade, countries practice some trade restriction policies as the…