Critics argue that U.S. industrial policy _____ a. provides too much protection to domestic industries. b. gives foreign industries an advantage over domestic producers. c. should shift from a military to a civilian focus. d. discourages spending on basic research in universities. e. currently focuses only on developing the airlines industry.

Critics argue that U.S. industrial policy _____ a. provides too much protection to domestic industries. b. gives foreign industries an advantage over domestic producers. c. should shift from a military to a civilian focus. d. discourages spending on basic research in universities. e. currently focuses only on developing the airlines industry.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter34: Globalization And Protectionism

Section: Chapter Questions

Problem 18SCQ: How does competition, whether domestic or foreign, harm businesses?

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QUESTION 1.Consider two countries: South Korea and New Zealand and two goods: Lamb and Air Pumps. South Koreaimports $210 million worth of lamb from New Zealand and exports $10 million worth of lamb to New Zealand.On the other hand, New Zealand imports $60 million worth of air pumps from South Korea and exports $20million worth of air pumps to South Korea. What is the inter-industry trade measure between these two countries?(a) 2/3.(b) 1/5.(c) 4/5.(d) 1/3. Explain why.
Please answer each question with sufficient detail. Relevant detailed responses are highly r$ewarded. If you consult any sources, then you should provide both in-text citations and references at the end of each response. You need to make sure at least consult your textbook for your responses. 1. Suppose that the production of $1 miilion worth of steel in Canada requires $100,000 worth of taconite. Canada's nominal tariff rates for importing these goods are 20 percent for steel and 10 percent for taconite. Given this information, calculate the effective rateof protection for Canada's steel industry.
07. Under open trade, (a) country 1 will be importing and country 2 exporting 12 units at a price of $10. (b) country 1 will be importing and country 2 exporting 9 units at a price of $11. (c) country 2 will be importing and country 1 exporting 15 units at a price of $11. (d) country 2 will be importing and country 1 exporting 9 units at a price of $14. (e) country 2 will be importing and country 1 exporting 9 units at a price of $11.
10-. occurs when low- cost producers . the free trade area - high cost .. ..... wwww Please select one; a) shallow integration / outside / is replaced by / producers within the free trade area m b) trade creation /within / replace / domestic producers c) policy harmonisation / within / replace / domestic producers d) deep integration / within / replace / domestic producers e) trade diversion / outside / is replaced by / producers within the free trade area
3. Trade Dispute You are a research associate covering the solar panel industry for Goldman Sachs. The countries of Transylvania and Oceania are having a trade dispute. Upset with behavior of Transylvanian firms, the government of Oceania is threatening to close its market to Transylvanian firms. You are asked to write a research report on the implications of this scenario. Some information about the solar panel industry in the Oceania and Transylvania: • Firms in both countries share the same technological characteristics. Consultants from Accen- ture report that the fixed cost associated with producing a solar panel are $50,000, the variable costs associated with producing a solar panel are $25. The demand elasticity parameter "b" was estimated to be 1/50.
If the United States were to lift existing tariffs on steel imports: Question 32 options: A.the supply of steel shifts to the right and lowers its market price. B.the demand for steel shifts to the right. C.the supply of the imported steel shifts to the left and raises its market price. D.the demand for steel shifts to the left and raises its market price. Please type out the correct step by step answer with proper explanation of the each option given within 40 50 minutes . Will give you thumbs up only for the correct answer. Thank you .
Trading Name: Date: Imagine the following case study where two different countries: Albania and Belize have remained self-sufficient and mostly produce two of the following products: corn and beets. Our hopes are that we will be able to improve trade liberalization and encourage each one to work together in order to improve the number of resources and goods each one provides to their population. Here are their production levels for each product per worker/month (assume each country has a workforce for 15 workers): Bushels Corn (Y-аxis) Вets (X-аxis) Albania 40 20 Belize 20 4 a) Calculate and graph the Production possibilities frontiers for both countries. b) Assume that both countries currently prefer equal amounts of corn and beet for their production & consumption levels within their country, clearly label this point and call it point B: production/consumption before trade. c) Calculate and state the number of workers that would be required in order to produce points B for both…
What is intra-industry trade?
How does competition, whether domestic or foreign, harm businesses?
中国联通。 15:14 Today 15:14 3. Which of the following three beverage exporters is dumping in the U.S. market? Which is not? How do you know? Banzai Brewery Tipper Laurie Ltd. Bigg Redd Inc. (UK) (Japan) (Canada) Average cost Price charged at the brewery for domestic sales Price charged at the brewery for export sales Price when delivered to the $10 $10 $10 10 12 9. 11 9. U.S. port 12 13 10
D. Enumerate the effects of the global pandemic on international trade and economic performance of the business in the country. (Give atleast 5 effects.
1. What will a diagram look like if we assume increasing returns of scale for two countries trading with each other? 2. Visualize a diagram which portrays a high inelastic export situation of a large country and declining terms of trade?

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	a.	provides too much protection to domestic industries.
	b.	gives foreign industries an advantage over domestic producers.
	c.	should shift from a military to a civilian focus.
	d.	discourages spending on basic research in universities.
	e.	currently focuses only on developing the airlines industry.