Answer:
I disagree with this policy as it will likely have a negative effect.
Explanation:
I disagree with this statement. In fact, such a policy will most likely have the opposite effect to the one intended - that is, living standards would plummet. This is due to the fact that a 50 percent tariff will mean prices of goods imported from China would skyrocket, which in turn would force consumers to either buy more expensive products produced in the United States or elsewhere, or refrain from buying said goods. In any case, this means a reduced level of consumption, which slows down the economy. This would trigger effects such as massive layoffs as enterprises try to keep their profits amidst the reduced consumption, meaning higher unemployment and lower wages being offered, which will in turn slow down the economy even more, in a ever worsening vicious cycle that could lead to an economic crisis.
Actually it's false.<span> Economists only argue that individuals typically act based on self interest. The rational of their actions is subjective.
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Answer:
You can form a nation by a human group conscious of forming a community, sharing a common culture, attached to a clearly demarcated territory, having a common past and a common project for the future and claiming the right to rule itself’.
Explanation:
<span>Individual violators can be fined up to $350,000 and sentenced to up to 3 years in federal prison for each offense. Corporations can be fined up to $10 million for each offense. Under some circumstances, the fines can go even higher.</span>