Question

In: Economics

The United States of America (USA) have by far the highest negative trade balance among the...

The United States of America (USA) have by far the highest negative trade balance among the world countries in absolute terms. At the same time they have continuously reduced the tariffs imposed on imports over the last decades (average import tarriff rate has gradually fallen from about 20% in the 1930’s to less than 2% currently). Please, provide your comment on this situation! Would you suggest the USA to impose more trade barriers in order to reduce their trade deficit – why or why not?

Solutions

Expert Solution

Rahul Sunny answered 2 years ago
Next > < Previous

Related Solutions

Question No 2: In the United States of America, there is wide spread inequality among the...
Question No 2: In the United States of America, there is wide spread inequality among the people. Rich becomes richer and poor becomes poorer. The reason for this inequality is the economic system that they follows. What economic system do you think United States is following? Identify and explain. Also, evaluate four advantages and disadvantages of this economic system in detail. [Answer in 300 – 400 words]
Question No 2: In the United States of America, there is wide spread inequality among the...
Question No 2: In the United States of America, there is wide spread inequality among the people. Rich becomes richer and poor becomes poorer. The reason for this inequality is the economic system that they follows. What economic system do you think United States is following? Identify and explain. Also, evaluate four advantages and disadvantages of this economic system in detail. [Answer in 300 – 400 words]
Where does the United States stand as far as free-trade is concerned?
Where does the United States stand as far as free-trade is concerned?
In the United States of America, there is wide spread inequality among the people. Rich becomes...
In the United States of America, there is wide spread inequality among the people. Rich becomes richer and poor becomes poorer. The reason for this inequality is the economic system that they follows. What economic system do you think United States is following? Identify and explain. Also, evaluate four advantages and disadvantages of this economic system in detail.                             [Answer in 300 – 400 words] pls your own words, dont copy from anywhere
The North American Free Trade Agreement (NAFTA) has _______________ trade among Canada, the United States, and...
The North American Free Trade Agreement (NAFTA) has _______________ trade among Canada, the United States, and Mexico. decreased had no effect on increased none of the above
Which country is the most important trade partner to the United States of America? Please explain...
Which country is the most important trade partner to the United States of America? Please explain why?
comparative advantage of the United States of America
Select a country of your choice (other than Saudi Arabia) and discuss its comparative advantage—the sources and the challenges. What is the role of the government? Does the government provide additional investment? What could increase their advantage?  
It is sometimes said that a balance of trade deficit between the United States and other...
It is sometimes said that a balance of trade deficit between the United States and other nations can be harmful to the economic wellbeing of America. Explain what is the “balance of trade.” What does a “trade deficit” or a “trade surplus” mean? Why do some people say a trade deficit is “bad” and a trade surplus is “good”? Many economists reply to these arguments that, at the end of the day, it does no “harm” for a country to...
The United States (U.S) has trade agreements with many nations; discuss the positive and negative impacts...
The United States (U.S) has trade agreements with many nations; discuss the positive and negative impacts of one of these trade agreements on the U.S economy. Provide examples to support your impacts.
Review the current regional trade pact is among Canada, the United States and Mexico. Which industries...
Review the current regional trade pact is among Canada, the United States and Mexico. Which industries have gained from this trade pact? Which industries have lost from this trade pact? Please quantify your answers.
ADVERTISEMENT
Subjects
ADVERTISEMENT
Latest Questions
ADVERTISEMENT