1, Write the statement, Trade destroyed the U.S. manufacturing sector (mention the following concepts: specialization, productive efficiency,...
Question:
1, Write the statement, Trade destroyed the U.S. manufacturing sector(mention the following concepts: specialization, productive efficiency, comparative advantage, opportunity cost, and gains from trade). Use the model of demand and supply to support your answer.
2, "At the start of the pandemic, and even a little before (remember the U.S.-China trade war?), some folks wondered if we were about to see the end of offshoring and whether U.S. companies would start to bring factories and jobs back from overseas."Will Covid-19 bring production back to the U.S.?
3. Explain why unilateral free trade (meaning: removing all trade restrictions even if foreign governments use tariffs, subsidies, and other interventions to distort their own citizens' global commercial relations) is the best and the fastest path to prosperity (mention the following concepts: specialization, productive efficiency, comparative advantage, opportunity cost, gains from trade). Use the model of demand and supply to support your answer.
International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr