Questions
With your team, imagine that the United States slapped an anti-dumping duty of 30 percent on...

With your team, imagine that the United States slapped an anti-dumping duty of 30 percent on aircraft parts imported from China that it believed were being dumped in the U.S. market. Imagine that China then slapped a 35 percent countervailing duty on U.S. auto imports, saying that a recent federal bailout is tantamount to an unfair subsidy for U.S. automakers. You will need to do some research on anti-dumping and countervailing duty to discuss the questions.

  1. What political, economic, or cultural motives do you think are behind the U.S. anti-dumping duty against China’s aircraft parts?

What motives do you think are behind China’s countervailing duty against U.S. autos?

2. Should countries experiencing economic difficulties be allowed to erect temporary tariff and non-tariff barriers? Explain.

In: Economics

Suppose that the pharmaceutical company Abstergo Industries successfully develops the first successful vaccine for COVID-19. If...

Suppose that the pharmaceutical company Abstergo Industries successfully develops the first successful vaccine for COVID-19. If the United States government implements regulation that requires Abstergo to sell vaccine doses at marginal cost (rather than charging a higher price as it otherwise would), this will reduce Abstergo’s profit from the vaccine by $12 billion and increase the well-being of vaccine consumers by $17 billion, creating an overall efficiency gain of $5 billion. Explain why this regulation would not result in a Pareto superior outcome even though it would lead to an efficiency gain.

In: Economics

What are vulnerable populations? Why are they vulnerable? Where might you encounter vulnerable people in your...

What are vulnerable populations? Why are they vulnerable? Where might you encounter vulnerable people in your daily life?

In: Economics

If the government imposes unit sales tax (i.e., $ tax per unit sold) on a product,...

If the government imposes unit sales tax (i.e., $ tax per unit sold) on a product, which one, demand, or supply will shift? Increase or decrease? Will the new tax cause "disequilibrium"? Please state clearly about the shift (leftward or rightward) and the equilibrium price and quantity change. No graph is required.  

In: Economics

Discuss the FED monetary policy with respect to the current economic situation at the domestic and...

Discuss the FED monetary policy with respect to the current economic situation at the domestic and international levels. Imagine being an economic consultant of the FED and advise the chairman with the best monetary strategy for the next year in less than 500 words. Support your viewpoint with data, analyses and empirical evidence.

In: Economics

Not enough or too much; it's a delicate balance. In this activity, you will select a...

Not enough or too much; it's a delicate balance. In this activity, you will select a country and explore the concepts of price ceiling and price floors and market shortages and surpluses.

Locate a recent article (published within the last year) that discusses either the price ceiling or price floor, and market shortages and surpluses of a good or service from your selected country at a macro level. You can use the Hunt Library, newspapers, new stations, or other credible sources to locate an article. Analyze your selected country's good or service and determine whether it has a market shortage or surplus. Include the following in your discussion.

  • Identify the country and the good or service selected.
  • Analyze supply and demand curves.
  • Examine the concepts of price ceilings and price floors.
  • Explain the causes and predict the effect of changes in demand and supply on the equilibrium price and quantity.
  • Differentiate between consumer surplus and producer surplus.
  • Discuss whether your selected good or service results in a market surplus or market shortage and explain why.

Summarize your findings using at least 250 words and provide a minimum of one reference. Use current APA formatting to document your sources.

In: Economics

What is GEICO organizational Structure?

What is GEICO organizational Structure?

In: Economics

Q1. Peter is producing table lamps in the perfectly competitive market desk lamp market. a) Suppose...

Q1. Peter is producing table lamps in the perfectly competitive market desk lamp market.

a) Suppose the equilibrium price in the desk lamp market is $50. How many table lamps should Peter produce, and how much profit will he make? Please make use of TR, TC, MR and MC curves to illustrate.

b) In next week, the demand for desk lamps drops and the price drops to $30, should Peter shut down? Explain.

Output

Total cost

AFC

AVC

ATC

MC

0

100

1

150

2

175

3

190

4

210

5

240

6

280

7

330

8

390

In: Economics

Problem 1: a) Marketing mix strategy for a company that produces coconut milk b) Controls and...

Problem 1:

a) Marketing mix strategy for a company that produces coconut milk
b) Controls and evaluation of the marketing plan to improve sales of coconut milk

In: Economics

Discuss the impact of internet law and ethics on business operations and interactions.

Discuss the impact of internet law and ethics on business operations and interactions.

In: Economics

Describe in 250 words Based on your review of the current day, explain how today's business...

Describe in 250 words Based on your review of the current day, explain how today's business world is changing and how you may use the skills you learn to differentiate yourself from other people. Please type

In: Economics

Q. what is the linkages between trade, one of the main contributors to growth in Asia-pacific...

Q. what is the linkages between trade, one of the main contributors to growth in Asia-pacific regions, and inclusive growth?

In: Economics

Since 2009, the national minimum wage has been $7.25 per hour for most occupations in the...

Since 2009, the national minimum wage has been $7.25 per hour for most occupations in the private sector. Many of those who support an increase in the minimum wage believe this is one way the government could possibly reduce poverty, while its opponents believe that it creates unemployment and hurts low-skilled workers. The following items address the idea of raising the minimum wage from the current federal minimum of $7.25 per hour.

4) What might be an unintended impact on government spending on entitlements such as welfare, food stamps, and unemployment compensation in light of the fact that changes in the minimum wage can create changes in unemployment and underemployment?

5) Do advocates of a minimum wage law believe that workers should be paid based on their output (i.e., performance) or on their level of need? What do opponents of the minimum wage law believe workers’ wages should be based on? Which one is sustainable and why?

For the sake of comparison, how should students be graded in class, based on their performance or level of need?

6) Advocates of a minimum wage often believe that employers would “exploit” or “take advantage” of their workers if there were no minimum wage. How would you know if employers are “taking advantage” of their workers if there were no minimum wage? What could the employee do if they believed they were being exploited?

In: Economics

Since 2009, the national minimum wage has been $7.25 per hour for most occupations in the...

Since 2009, the national minimum wage has been $7.25 per hour for most occupations in the private sector. Many of those who support an increase in the minimum wage believe this is one way the government could possibly reduce poverty, while its opponents believe that it creates unemployment and hurts low-skilled workers. The following items address the idea of raising the minimum wage from the current federal minimum of $7.25 per hour.

1) Describe who the suppliers and demanders are in the labor market. Is a government-mandated minimum wage a price floor or ceiling? Discuss the effect of a minimum wage law from a supply and demand standpoint, making sure to address the concept of surplus or shortage.

2) Raising the minimum wage will also affect the labor costs of businesses. What is going to happen to the prices these businesses charge for their products? And who is going to be most affected by these price changes, those with low incomes or with high incomes?

3) Discuss any potential changes in the incentives for low-skilled workers - those who keep their jobs and their hours - to increase their human capital when the minimum wage increases. What about those who lose their jobs or never get hired? Discuss the incentives for employers to substitute capital inputs (technology and automation) for labor.

In: Economics

Q6 - List four shift factors of supply and explain how each affects supply.

Q6 - List four shift factors of supply and explain how each affects supply.

In: Economics