Exam Content
\nPromoting international trade is not a zero-sum game. It is a win-win proposition; both parties gain from trade.<\/p>\n
Consider the following:<\/p>\n
Tariffs are paid by the citizens of the country imposing tariffs, not by the citizens of the country producing the products upon which the tariffs are levied.
\nThe term \u201ctrade deficits\u201d is a misnomer. Every country\u2019s trade is always in balance.
\nTrade deficits do not mean the US no longer produces anything to export. The US is the world\u2019s second largest manufacturer and the world\u2019s second largest exporter of manufactured goods.
\nTrade deficits reflect a strong economy. Trade deficits rise during economic expansions and fall during economic contractions. Unemployment falls as trade deficits rise and rises as trade deficits fall.
\nImports and exports are complements, not competitors. Both are necessary and both contribute to economic growth.
\nRoughly one-third of all US imports and exports is trade between US multinational companies and their overseas subsidiaries.
\nForeign-owned companies operating in the US number in the thousands and provide directly or indirectly jobs for more than 13 million US workers (roughly, 10% of the US workforce).
\nUS trade deficit in goods in 2018 (as a % of GDP) was the same as it was 5, 10 and 15 years earlier.
\nThe rise in US goods trade deficit with China has not increased the US total goods trade deficit. It has been offset by reduced goods imports from other trading partners.
\nThere is a strong correlation between the rise in world trade and:
\nThe rise in world GDP
\nThe dramatic fall in the world\u2019s extreme poverty rate
\nThe rise in world life expectancy
\nFor every US manufacturing job lost to trade between 2000 and 2010, seven US jobs were lost to domestic productivity improvements. Those seven jobs cannot be brought back from overseas because they never left the US.<\/p>\n
Write a 700- to 1,050-word evaluation of credible economists\u2019 unbiased opinions on the benefits, costs, and results of current US trade and tariff policies. Complete the following in your evaluation:<\/p>\n
Evaluate how US trade policy changes in the last 2 years affect global trade activities by multinational corporations.
\nDiscuss credible economists\u2019 opinions on the long-term effects of trade and tariff policies changes in the last 2 years.
\nExplain the effect recent changes to trade and tariff policies have had on your employer, you, or someone you know.<\/p>\n","protected":false},"excerpt":{"rendered":"
Exam Content Promoting international trade is not a zero-sum game. It is a win-win proposition; both parties gain from trade. Consider the following: Tariffs are paid by the citizens of the country imposing tariffs, not by the citizens of the country producing the products upon which the tariffs are levied. The term \u201ctrade deficits\u201d is […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[43],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/11623"}],"collection":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/comments?post=11623"}],"version-history":[{"count":0,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/questions\/11623\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/media?parent=11623"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/disciplines?post=11623"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/paper_types?post=11623"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.writemyessays.app\/blog\/wp-json\/wp\/v2\/tagged?post=11623"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}