Log in
Economics
1
answer
0
watching
73
views
24 May 2018

(E) How have WTO (World Trade Organisation) policies and regulations impacted U.S. Ecomomy

Give three Examples

(F) How have WTO (World Trade Organisation) policies and regulations impacted U.S. Citizens

Give three examples

Watch
1
answer
0
watching
73
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Jamar Ferry
Jamar FerryLv2
26 May 2018

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related textbook solutions

Principles of Economics
2nd Edition, 2017
Openstax
ISBN: 9781947172364
Principles of Macroeconomics
2 Edition,
Openstax
ISBN: 9781947172388
Principles of Microeconomics
2 Edition,
Openstax
ISBN: 9781947172340

Related questions

Trade involves the transfer of goods or services from one person or entity to another, often in exchange for money. A network that allows trade is called a market. Trade exists due to the specialization and division of labor, in which most people concentrate on a small aspect of production, but use that output in trades for other products and needs. Trade exists between regions because different regions may have a comparative advantage in the production of some trade-able commodity including the production of natural resources scarce or limited elsewhere, or because different regions' size may encourage mass production.
Q1. What are the effects of the Saudi Arab trade and import policies on the economy?
 
The student will demonstrate competencies for Economics on completion of the following project:
 
1. Research the effects of the Saudi Arabian government's policies regarding international trade. Focus on the value of items traded, and the balance of trade. Consider:
 
A) Name the countries that are trading with the Saudi Arab?
 
B) How much is Saudi Arabia importing and exporting from/to certain countries?
 
C) What does an imbalance of importing and exporting do to an economy?
 
D) How is currency involved?
 
E) How does the Saudi Arabian government make policies with regard to international trade (like tariffs, import/export taxes, etc.)?
 
F) How do sanctions on some countries affect their trade with Saudi Arabia? (give examples)
 
 
Write a research essay (7-10 paragraphs) analyzing your information. Include detailed information, examples, and works cited.
 
Important: Students are required to use critical reasoning skills to analyze and evaluate their positions.
 

1. GE’s mission statement reads: “GE imagines things others don’t, builds things others can’t and delivers outcomes that make the world work better. GE brings together the physical and digital worlds in ways no other company can. In its labs and factories and on the ground with customers, GE is inventing the next industrial era to move, power, build and cure the world.” 1. Does it surprise you that a global corporation would have an agenda to “cure the world”? a. What are some of the ways GE is aiming to achieve this? b. Discuss at least two GE programs and how they can make the world a better place for everyone, as well as increase profitability. c. What are some of the criticisms of GE’s Ecomagination program? d. Identify at least two concerns regarding the program. e. Do you agree that these are legitimate concerns? f. How can GE overcome these criticisms? g. How can supranational organizations like the WTO, governments, NGOs (non-governmental organizations) and businesses work together to create sustainable international trade? Provide at least two strategies or methods in your reply.

31. A country's tax system influences the attractiveness of investing in that country and affects the relative level of profitability for an MNC.

a. True

b. False

32. Points inside a production possibilities frontier represent

a. unattainable production combinations

b. efficiency

c. situations where supply exceeds demand

d. unemployment of resources

33. Firms in a high-wage nation like the U.S. can compete effectively with imports from low-wage nations if

a. the U.S. reduces tariffs on imports

b. low-wage nations impose tariffs on U.S. made goods

c. labor productivity is higher in the low-wage nation

d. labor productivity is higher in the U.S.

34. Assume that production in the United States is valued at $100,000. National income is therefore $100,000. Of their income, workers save $2000, pay $6,000 in taxes, spend $89,000 on consumer goods, and spend $2000 on imports. Businesses spend $5,000 in new investment spending. And, foreigners spend $1000 on exports. To avoid any problems of inflation or unemployment, the government should have a budget deficit or surplus of:

a. $2,000 surplus

b. $1,000 deficit

c. $2,000 deficit

d. $1000 surplus

e. $0 deficit

35. Autarky means-----------------------------------------------------------------

a. the absence of government

b. lack of agriculture

c. self-sufficient, in the absence of international trade

d. short of exchange rates

36. The more people there are----------------------, the less the public as a whole will spend on goods and services.

a. unemployed

b. underemployed

c. employed

d. as discouraged workers

37, Which of the following theories holds that countries will produce and export products that use large amounts of production factors that they have in abundance?

a. Mercantilism

b. The theory of absolute advantage

c. The factor endowment theory

d. None of the above.

38. Suppose that a consumer has a marginal propensity to consume of 0.79. If this consumer earns an extra $1220, her saving would be expected to increase by-----------------------------

39. Many countries in Asia, Africa, and South America-----------------------

a. Are developing countries

b. Are industrialized nations

c. Have a high demand for nonessential products

d. Do not trade

40. Which two of the following are regarded as the main aims of the World Trade Organization (WTO)?

a) To eliminate discrimination in world trade

b) To provide financial assistance to countries with debt

c) To reduce tariff barriers

d) To make infant industry protection illegal

e) To help give preferences to smaller economies

b) and e) a) and c) a) and d) c) and e) b) and d)

41. Last year Sophia's nominal income increased by 12% while the price level rose by 5.5%. Consequently, Sophia's real income:

a. rose by approximately 7%

b. fell by approximately 1%

c. rose by approximately 2%

d. ------------------------------------

42. Consumer surplus

a. is always positive.

b. for a particular unit of consumption is computed by taking the difference between quantity demand and quantity supplied.

c. for all units consumed is the area below demand and below market price over all the units consumed.

d. added to producer surplus provides a measure of the net gain to society from the production and consumption of the good.

43. A decline in Real GDP for six or more consecutive months is called-------------------------------

a. A trough

b. A recession

c. An expansion

d. A recovery

44. What do we call the situation where capital grows faster than the labor force?

a. economic growth

b. technological change

c. productivity growth

d. capital deepening

45. The terms of trade are-------------------------------------------

a. the cost of transportation between countries

b. the ratio of wages in two countries

c. the terms which are used in the trade negotiations

d. the rate at which two products can be exchanged

Related Documents

ECON 110 Chapter Notes - Chapter 34: Export Restriction, Deadweight Loss, Customs War
pinkantelope920
ECO-2013 Lecture Notes - Lecture 4: Deadweight Loss, Creative Destruction, General Agreement On Tariffs And Trade
harlequinchinchilla54
ECO 2121
Final Exam
Study Guide
ECO 2121 Final: Exam Notes
erincod524

Weekly leaderboard

Home
Homework Help 3,900,000
Economics 400,000
Start filling in the gaps now
Log in