...to gain control over imported goods from foreign countries. These can be used to control trade in a way that favors U.S. manufacturers to protect the local economy. Every country has certain products that it produces and enters into international trade that are different and benefit the other countries by the acquisition of these specialized services and products. The producing country benefits from being able to sell in a market where demand for its goods is high. Tariffs and quotas are means that can be used to achieve a semblance of economic balance. The import and export of various goods and services is controlled in this way for this reason. The tariff or quota gives the domestic competitors for this product line an economic advantage. It is a means of protecting the income stream for a given country. The home company gains revenues, but the home consumer pays a higher price for the products produced in this country. I see this as trade restriction that hurts the U.S. and world economies. It is not beneficial to the American public. It is only advantageous to the domestic corporations that produce competing goods. They can inflate their prices for like services and products as a result of the tariffs and quotas being in place. These tariffs and quotas artificially reduce the demand curve. They alter our economy and, in my view, impair it. International trade is an economic stimulator from the consumer viewpoint. References Mankiw, N. Gregory...
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...International Trade Debate Just like every debate, there are positives and negatives to the main topic. The same can be said for international trading. International trading has been going on between countries for years and is a big part of keeping individual economies stable. Not every country has the resources it needs to produce certain products. To obtain resources they need, they trade with other countries. There is however a downside to international trading and that is when a countries using international trading to get a better price. It can hurt its own economy. “For” International Trade International trading is definitely helpful to the economy for the most part. The main reason for being “for” international trading is that a country can obtain resources or products that they themselves do not have access too. An example would be if France doesn’t have the right soil to grow rice, but can produce wine, they can trade for rice from another country, like India. France has a comparative advantage in producing wine and India has a comparative advantage in producing rice. Comparative advantage is when a country has the ability to produce a good or service cheaper or faster than someone else. By each one of these countries having comparative advantage, it can lead to more gains from trade. France may be able to produce rice but because of the bad soil, they might not be able to produce as much as India can in the same amount of time. Depending...
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...International Trade Debate XECO 212 International Trade Debate The strength of the dollar rests on the fundamental strength of the US economy. The main problem with a stronger dollar is the concern of exports. A stronger dollar makes U.S. exports more expensive for foreign consumers and buyers. A tariff is a tax that one country sets on the imported goods or services of another nation. A quota in international trade is a government imposed limit on the quantity or the value of the goods and services that may be exported or imported over a specified period of time. Quotas are more effective in restricting trade than tariffs, particularly if domestic demand for a commodity is not sensitive to increases in price. Because the effects of quotas cannot be offset by depreciation of the foreign currency, quotas may be more disturbing to the international trade mechanism than tariffs. A tariff raises the domestic price, the domestic sellers will make out well while the domestic buyers are worse off. Tariffs hurt the country that imposes them, as their cost outweigh their benefits. Tariffs are a benefit to domestic producers who now face reduced competition in their home market. The reduced competition causes prices to rise. There are costs to tariffs. The price of the good with the tariff has increased; the consumer is forced to either buy less of this good or less of some other good. The price increase can be thought of as a reduction in consumer income. Since consumers are purchasing...
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...Week 8 CheckPoint International Trade Debate Due Day 5 A tariff is usually a tax that one country sets on the imported goods or services of another nation. A quota is a trade restriction set by a country to maintain and secure the country’s interests by limiting the amount of goods that can be imported into the country for a fixed time period. The tariffs and quotas in the United States were established to control the amount of goods that enter into the United States to protect the United States interests economically while still maintaining the healthy trading relationship with other countries. The United States utilize these trade restrictions to decide which countries will be suitable. These trade tools are meant to guard the country’s economic interests and establish relations with particular nations. Some critics of these trade tools argue that tariffs and quotas often lead to corruption, such as with smugglers seeking to escape tariffs and quotas and high prices for consumers as there is less competition between domestic and international goods, which tend to be less expensive.I think that it is very important that trading with other countries is limited. With the economy that we are currently in, many people stand to benefit from their products being bought and sold locally. On the other hand, there are some products that can be produced here, but not in a high enough quantity to meet the demands for those products. This is where trade comes in. By putting high tariffs...
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...International Trade Debate XECO/212 University Of Phoenix/AXIA The United States uses tariffs and quotas to restrict trade with foreign countries. This is imperative to control foreign imports and the impact they have on our economy. All countries produce goods that are available on the open market, such as automobiles, lumber, consumer electronics etc. The United States has a manufacturing base that is shrinking because of competition from other countries. In order to slow the progression of this decline we place tariffs on countries that produce products that we sell at home. Being one of the world’s most financially affluent countries we create a large market for goods, especially cheap goods that are mostly produced in countries that have much lower working condition standards than the United States. This gives the importing country an edge in the profit margin by way of the lower cost of production. In order to maintain equilibrium in the world market we impose tariffs and quotas. The benefit to the domestic producer is one that in many cases keeps the manufacturing base viable in the U.S., but this advantage predominantly effects the larger corporations that are beginning to take over much of the market, while the inflated prices and increase in jobs does not end up in the mutual pockets of the workers, but rather concentrates to the top. In many ways this is counterproductive because if the U.S. were to lose a manufacturing industry, the jobs it creates that do not...
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...Elena Rodriguez Global Trade Debate Global Trade Debate Why do people love chocolate so much? Is it the smell, the taste, the texture or something more? Do people know what it is the truth hidden in the chocolate business? Do they know that the main ingredient it is child slavery? Thankfully, I can said that I don’t like chocolate, so I don’t feel guilty for consume it. However, should I feel comfortable? Or should I think about what I am consuming that its production leads into harm our people, our animals and our planet? After I watched the “Global Trade Video”, I started to think deeper about the damage that consumerism is doing to innocent people. Based upon this DVD, I tend to see it from a Marxist perspective because it talks about how the rich people are getting richer at expense of poor people that are getting poorer, “the class struggle”. Personally y agree with the Video, and my position is against globalization, but I can’t be 100% in opposition because there are some points that make it positive; for this reason, I will explain what are the pros and the cons of globalization from my opinion. One positive side of globalization is that it promotes global economic growth, creates jobs, makes companies more competitive and lowers prices for the consumer; thus, countries can balance their inflation. Also, there is a worldwide market for the consumers that can access to products from different countries without live their houses. In addition, with the advance...
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...Dollar may be more or less depending on which foreign economy is in question. There are many benefits that placing tariffs on international trade has on the economy. The tariffs actually increases the domestic selling price; therefore, allowing the sellers or producers of the products to earn more of a profit on those goods, because the demand has decreased. Because the demand for so many products decreases, the prices increase allowing larger profits, and opportunities to create other products. On the other had those tariffs also cause loses. Although the domestic producers are better off, and the government raises much needed revenue, the losses that consumer’s experience far exceed the benefits that the government and domestic producers receive. While the domestic suppliers are enjoying a huge profit, the domestic buyers are forced to purchase goods that have increased in price because of these tariffs that have been placed on these goods. Tariffs can also affect the number of goods a consumer can actually purchase. In terms of quotas, a quota is similar to tariffs. Quotas raise the prices that are set for a particular good, restrict trade within countries, and can cause losses in profit. Although, there are some benefits, and also some great losses associated with foreign trade, many economists ensure consumers that free trade is what is best for the country and the...
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...The United States must place high tariffs and use quotas to restrict trade with foreign countries. The placement of high tariffs and the use of quotas will help strengthen the weak American dollar, raise and stabilize the economy. Our economy is at one of the weakest points it has ever been in history. If the American dollar were to collapse, it would completely destroy the global economy. Our dollar is declining, as this happens it makes U.S produced goods are less expensive and become more competitive with foreign produced goods. In theory this helps U.S exports, boosting economic growth, but in the end we do pay for it with it higher oil prices during the summer months. When the dollar declines, oil producing countries seem to raise their prices, this is done since they know we depend on their oil and they know that we will pay for it. A tariff is a tax on imports and a quota is a legal limit on the amount that can be imported. The benefits from tariffs would be increased revenue that would benefit the economy. The disadvantage to having tariffs would be the price increase on goods with the tariff in place. Tariffs can be harmful to those that impose them and those that have to pay them. Quotas can beneficial by limiting certain imports in certain countries. The disadvantage to this is determining what goods to limit and to what quantity and the potential for increased smuggling of goods. . Tariffs offer more benefits than quotas. Tariffs can help control the costs of...
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...international trade, many more benefits and opportunities exist, outweighing any negative tendencies. This sort of trade tends to give opportunities to countries that are trading, allowing them to prosper through diversity in labor that is divided internationally -- allow local producers of goods to have access to international markets. It is the minimum restrictions of unrestricted international trade that allows for an economy to prosper. Many individuals might state that competition may harm business within a country's economy, but I tend to disagree because competition is a main factor in allowing innovation as well as efficiency to exist and even allows prices of goods to be pushed downwards to keep up with competitors. Microeconomic theory states that when compared to pure competition, no resource allocation system has greater efficiency. Competition drives firms to keep creating new technologies, services, and products, giving customers a steady flow of a wide range of options and better products to choose from. Therefore, I believe competition from foreign firms will only encourage local forms to increase their efficiency and deliver products of greater value to local and international customers. Unrestricted international trade can help a country build peaceful relations with other trading countries and provide it with several opportunities to improve its technological expertise through exposure to international goods. Great diversity of international trade allows developing...
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...With an economy that just came out of a recession and is still on the rebound, the United States currency or the dollar is a bit weakened. The US dollar is still the main currency used around the world, but with it being weakened there may be some downsides to it in the marketplace. The strength of the dollar on a domestic level promotes spending and better interest rates. The strength of the dollar on a global level would be that it brings in more currency on an international level because it is cheaper to trade from a foreign standpoint. The benefits from tariffs would be that domestic businesses would get a reduction in competition. The benefits of quotas would be that foreign and domestic producers get higher prices, but the downside to that is that the consumer will lose out. It seems like the consumer looses in both situations. A tariff and quota adds more costs to a product. There are some instance where the producer may take a lose because if the product is too high for the consumer to buy then the product will just sit there. For instance, “In the late 1970s, the government put a quota on Japanese cares. That created a shortage. Dealers added several thousand dollars to the cost of each car. The consumer lost. The manufacturer lost” (Answers, 2013). In order to keep strict regulations of products produced overseas, I can see why tariffs and quotas would be needed to keep everything under control. ...
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...Running Head: CheckPoint International Trade Debate CheckPoint: International Trade Debate XECO/212 University of Phoenix International Trade Debate In the world today, we rely on international trade to get the goods and services we require and this has increased our interdependence. However, there are both supporters and opponents of international trade. In the case of supporters, they believe in the advantages of international trade such as an increase in choice of goods and services for consumers which will help to increase their level of satisfaction. On the other hand, opponents believe that international trade will bring about disadvantages such as increasing competition which will hurt domestic firms and also affect employment rates. International trade takes place because different countries are productive in producing different groups. Two economic concepts involved in international trade will be absolute advantage and comparative advantage. Absolute advantage refers to the ability to produce more goods than another competitor. Comparative advantage refers to the ability to produce a good at a lower opportunity cost than a competitor. Countries will only engage in international trade when they are able to benefit. Hence, countries of different comparative advantage will trade to enjoy more of certain goods. The United States must place high tariffs and use quotas to restrict trade with foreign countries. There are many advantages and disadvantages associated...
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...------------------------------------------------- MGMT 363 - Debate 1 Total Marks: 12 points Grade Weight: 3% Introduction: The purpose of this debate is to enable learners to gain knowledge in the areas of business ethics and social responsibility while reinforcing their skills in business communication, team-building, and interpersonal influence. In-class debates allow participants to analyze opposing points of view in order to conclude where viewpoints diverge and why. Recommended debate topics and position statements are outlined below. Your instructor will use a random system to specify both the debate topic and the position (Point and Counterpoint). All group members are expected to participate in the research, development, and presentation of the debate position. Each participating member will receive the same group grade. However, if it is clear that all group members did not participate equally, an individual’s grade may be lower than the group grade. Debate Topics and Position Statements (Point and Counterpoint) Topic 1. A considerable amount of production in Canada is shipped to other countries. Further, Canadian businesses are diversifying their customer base by expanding beyond the Canadian border. As well, trade agreements are common place between Canadian and foreign business owners. Finally, Canada is a country with a culturally diverse workforce. Therefore, should all Canadians be required to, at a minimum, speak fluently...
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...Business Meetings Etiquette Appointments are necessary and should be made at least 2 weeks in advance. . Appointments may be made in writing or by telephone and, depending upon the level of the person you are meeting, are often handled by the secretary. . Do not try to schedule meetings during July or August, as this is a common vacation period. . If you expect to be delayed, telephone immediately and offer an explanation. . Meetings are to discuss issues, not to make decisions. . Avoid exaggerated claims, as the French do not appreciate hyperbole. Relationships & Communication French business behaviour emphasizes courtesy and a degree of formality. . Mutual trust and respect is required to get things done. . Trust is earned through proper behaviour. . Creating a wide network of close personal business alliances is very important. . If you do not speak French, an apology for not knowing their language may aid in developing a relationship. . It is always a good idea to learn a few key phrases, since it demonstrates an interest in a long-term relationship. . The way a French person communicates is often predicated by their social status, education level, and which part of the country they were raised. . In business, the French often appear extremely direct because they are not afraid of asking probing questions. . Written communication is formal. Secretaries often schedule meetings and may be used to relay information from your French business colleagues...
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...The advantages and disadvantages study in group Nowadays , most of student rather like to study in group better than study individually. Study group is a group we form with 3 or 4 members to discuss certain topic. As you know , all things we did , there will be we get benefit or loss to us. Same for study group. Do you know the advantages and disadvantages of study group? Here ,I will list some for you. There are many advantages we can get from study in group. Firstly , we can share our opinion with another members. As you know , first stage in study group is brainstorming. From brainstorming , all of members must call out one or more ideas to complete the topic discussion. Here , we can collect and gather many ideas base on topic discussion. After this stage , we can discuss how to build the whole body of topic. Study in group make it better and easy if the topic is hard and complex. Secondly , advantage study in group is we can help other members who weak in studying. As you know , not everyone born with high intelligence same as us. There will some of them whose slow to understanding certain topic. So , we can share our notes or guide them if they do not fully understand what they have learn in class. When we teach them the topic , we also have benefit from it. Like the words I like the most , “sharing is caring”. But for the weak student , do not fully depends on your friends. We must find our study method to get along with other students , right? Here...
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...writing reviews writing a journal article review You may be asked to write a journal article review. Although this may be an unfamiliar exercise, it is not as complex a task as writing an essay requiring a lot of library research, and not the same as a review in The Canberra Times which is written for the general reader. Your journal article review is written for a reader (eg, your supervisor, lecturer or tutor) who is knowledgeable in the discipline and is interested not just in the coverage and content of the article being reviewed, but also in your critical assessment of the ideas and argument that are being presented by the author. Your review might therefore be guided by the following questions: Writing a journal article review Objectives Theory Concepts Argument Method Evidence Values Literature Contribution Style Conclusion What does the article set out to do? Is there an explicit theoretical framework? If not, are there important theoretical assumptions? What are the central concepts? Are they clearly defined? What is the central argument? Are there specific hypotheses? What methods are employed to test these? Is evidence provided? How adequate is it? Are value positions clear or are they implicit? How does the work fit into the wider literature? How well does the work advance our knowledge of the subject? How clear is the author’s language/style/expression? A brief overall assessment. So how can you begin to meet these demands? step 1: Get to know the article...
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