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"Importing more goods and services into the U.S. is always a good thing to do economically." Explain why you agree or disagree. Is it possible for one country to profit more off-trade than another country? Should we have a stronger dollar or a weaker dollar?

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Nusrat Fatima
Nusrat FatimaLv10
28 Sep 2019

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Related questions

Step 1: Discuss the effects of global trade on the U.S. economy. Address the following in your discussion: List three major U.S. imports and exports. Is it more important for the United States to focus on importing goods or exporting them? How does global trading affect their participants? Specifically, how does it impact their gains and losses? Do you think importing or exporting goods benefits the country more than the other? Why or why not?

1. True or False: Increases in imports will always lead to NET job losses in the U.S. domestic economy.

Would this be false?

2. True or False: If all countries could restrict imports and promote exports, world output would rise.

Would this be false as well?

3. Which of the following statement is FALSE?
A.Quotas restrict the quantity of a good that is imported into a country.
B.One result of quotas is that consumers of the good facing the quota will pay a higher price for the good.
C.Domestic producers of the good will benefit because they face less foreign competition.
D.Government collects the revenue from quotas.

Is it B?

4. True or False: If country A has an absolute advantage in producing many goods and services over another country B, then country A will NEVER have an incentive to trade with country B.

I want to say its False because regardless if country A has an absolute advantage it still needs to trade with country B. I think?

Some Workers' rights advocates have proposed that advanced countries should ban imports of goods manufactured by workers earning low wages working in sweatshops. An example of a sweatshop operation can be found at https://www.youtube.com/watch?v=yF8jUDzz5bE.

Opponents to a ban argue that the importing country should not apply their standards of what constitutes acceptable labor standards. Rather, the only issue that the importing country should be concerned about is if the product is safe for use or if they are selling their products below their cost that threatens the importing country. They point out that these are considered acceptable jobs overseas and that the only alternative for many of these workers is human trafficking or joining criminal gangs.

1. Do you think that importing countries should ban imports manufactured in sweatshops? Please explain your answer.

2. The book author discusses differentiators. He states that corporations can be successful in the market place along with a number of common dimensions, including image, customization, technical/organic superiority, price, quality, and reliability. Which one dimension do you think is the most important for a company that wants to export fruit products to another country? Please explain your answer.

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