How can this 5 paragraph essay be written better?
"International trade plays a big role in today's economy as it did the last couple decades. There are many advantages and disadvantages of international trade. With the rapid changes in the technology field, the market had to adapt. Some officials say there is still some catch up to do with international laws associated with the technology trade.
In the many advantages with international trade, I feel price stability is a huge factor. It equalizes the price of goods throughout the world. It also tries to stabilize the price so it doesn't go up or down. Lets take the trade of Micro Chips for example. Micro Chips are used in all of technology from Cell Phones, Desktops, and Televisions. Korea is the biggest Micro Chip manufacturer in the world. You've probably heard of their most profitable company called Samsung. Samsung is able to produce such a large amount of Micro Chip product, that it drives the price down which forces other companies to try and match that price as best they can which in turn gives a fair market value for the consumers.
Another advantage to international trade is the increase in efficiency. International competition forces countries to produce higher quality goods at the lowest price point possible to stay relevant. For example, you see poor efficiency come from China because they only care about having the lowest cost but not the greatest quality. Samsung being the company it is, produces the best quality at the best price point in the market. One of the reasons for this is the amount of resources they put into the research and development sector. The better Samsung does quarterly, the more resources they put into research and development, the more the product efficiency grows.
Looking at the other side of the coin, there are many disadvantages to international trade. One being the support of local industries. An example of this would be Apple. Apple has the knowledge and money to produce their own Micro Chips, but due to Samsung's efficiency, Apple outsources their Micro Chips from Samsung to make Apple products affordable. Beneath every Apple product is a bunch of Samsung Micro Chips.
Not many people know this when they try and support products made in their country. Sadly, every big corporation outsources to Korea and China to drive their product prices down to compete with the market. The second disadvantage of international trade would have to be labor laws. Apple, being the second biggest cell phone manufacturer out sources their phones to China which means they out source their employees to China. China has drastically different labor laws than to the US. In China, they are not allowed to have a Union. The average hourly labor cost in China is ~$0.06 whereas in the US the average is ~$21.60 and there is nothing the Chinese workers can do about it because it is not a democracy over there. "
In: Economics
Q1. In order for a neuron to move from the absolute to the relative refractory period, a majority of that neuron's sodium channels must have their:
Select one:
a) inactivation gates open
b) activation gates closed
c) inactivation gates closed
d) activation gates open and inactivation gates closed
Q2. Which of the following is NOT true of graded potentials?
Select one:
a) They are produced after the binding of neurotransmitter to
receptor
b) they will decrease in magnitude as the current flows away from
the initial site
c) they are produced at chemically-gated ion channels
d) they are limited in duration by the refractory period of the
membrane
In: Anatomy and Physiology
A circuit has a 2.9 V battery connected in series with a switch. When the switch is closed, the battery powers two paths in parallel, one of which has a resistor of resistance R1 = 80 Ω in series with an inductor of inductance L = 1×10−2 H , while the other has a resistor of resistance R2 = 230 Ω . What is the current supplied by the battery at a time t = 0.25 ms after the switch is closed? What is the current i1 supplied by the battery a time t = 0.25 ms after the switch is closed? Express your answer in amperes to three significant figures.
In: Electrical Engineering
The Affordable care act was signed into president Barack Obama in march 2010.
In: Nursing
what is the impact of Personal Data Protection Act 2010 on banking industry?
In: Finance
What are some stakeholders viewpoint on the Healthy, Hunger- Free Act of 2010?
In: Psychology
What are some examples of inflation and unemployment in the time period of 2000 to 2010?
In: Economics
Explain unemployment and inflation from 2000-2010 in relation to output and growth.
In: Economics
On December 31, 2009, Thomas, Inc. borrowed $1,120,000 on a 12%, 15-year mortgage note payable. The note is to be repaid in equal semiannual installments of $81,366 (payable on June 30 and December 31). Prepare journal entries to reflect (a) the issuance of the mortgage note payable, (b) the payment of the first installment on June 30, 2010, and (c) the payment of the second installment on December 31, 2010. Round amounts to the nearest dollar.
In: Accounting
Bendigo Pottery Ltd is a wholesale distributor of hand-made glazed garden pots to retail stores. All garden pots are identical. Details for January 2020 are shown below.
|
January |
1 |
Opening inventory |
2,000 pots – cost $39 each |
|
8 |
Sales |
1,200 pots – selling price $80 each |
|
|
9 |
Purchases |
1,600 pots – purchase price $44 each |
|
|
28 |
Sales |
1,800 pots – selling price $84 each |
|
|
31 |
Closing inventory |
600 pots from the stock stake |
Additional information:
Required:
In: Accounting