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[Note: this is a hypothetical case). You are the Chief HR officer (CHRO) for a US manufacturing company, Antennas R-US, located in a small town
[Note: this is a hypothetical case). You are the Chief HR officer (CHRO) for a US manufacturing company, Antennas R-US, "located in a small town in the Midwest, employing 800 workers, most of whom had worked for the company since graduating from high school. The company is one of many companies around the world that produce parabolic antenna dishes, a specialized part sold worldwide to manufacturers of radar systems. The antenna is produced from specialized components that currently are produced only in China. Suppose that the US imposes a tariff of 25% on components imported from China Discuss the following questions: (1) Will your company employ fewer, more or the same number of workers as before the imposition of the tariff? (2) What will happen to worker wages? (3) What will happen to the number of antennas sold by Antennas R-US? (4) What will happen to the price of antenna dishes sold by the company? (5) Who will bear the cost of the tariff? To answer, you will need to make several assumptions. Please be clear about these assumptions. In particular, in each case where you have to invoke supply and demand, state what you assume about the elasticity of demand and of supply
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