Answer:
The benefits of trade agreements are not felt evenly by all industries in an economy. In fact, even member nations gain varying advantages by entering into trade agreements. However, despite these drawbacks, the United States continues to act on its commitment to free trade. In 2005, the United States signed a fair trade agreement (FTA) with Australia, and in 2012, it signed a trade protection agreement (TPA) with Colombia. Both agreements have been in force for a while. Now the question is, Have these agreements benefited the US economy? Let’s examine the impact of the bilateral agreements with Colombia and Australia on the US economy.
According to the USTR, the International Trade Commission (ITC) predicted that the United States–Colombia TPA would increase national GDP by $2.5 billion (Office of the US Trade Representative). Under the TPA, US exports to Colombia increased from $12.0 billion in 2010 to $18.3 billion in 2013 (US Department of State). The TPA seems to have delivered on its promise, because according to the USTR, US exports to Colombia increased by 30% in 2013 (Office of the US Trade Representative). So financially, Colombia is a lucrative market for the United States. However, the main opposition to the TPA stemmed from concerns about the terrible labor conditions in Colombia and the violent threats to those seeking to improve labor conditions in a country rife with crime. Although violence is a major concern, the FTA will eventually help both nations by bringing about social and labor reforms through economic activity. By helping Colombia become a peaceful country, the United States can pave the way for increased trade with Colombia in the future.
The United States–Australia FTA received considered opposition in both countries. US dairy farmers, ranchers, and small farmers were anxious about job losses resulting from the free entry of Australian products into the US market. However, if we judge by the boost in exports, the FTA has contributed to overall US economic growth. According to the USTR, in the first five years of the FTA, US exports to Australia increased by 33% (Office of the US Trade Representative). The FTA removed all tariffs on American imports into Australia, giving US exporters barrier-free entry into Australian markets.
The export industry plays a key role in driving economic growth and generating jobs in the United States. Colombia and Australia are two large and important markets for US exporters. The United States faces competition from other nations for access to these markets. By signing trade agreements, American goods can compete effectively in these markets. Although the agreements with Colombia and Australia are opposed for valid reasons, the agreements will benefit the US economy over time
Explanation:
Rome is known for the renaissance
The effects of Zhou metal workers mastering iron were…
Option A: during the Zhou dynasty, China was characterized by warfare, political and military reforms, but it was first unified during the Qin dynasty.
Option B: it is true that with the introduction of iron, China acquired stronger and more effective farm tools as well as increasing crop yield.
Option C: during the Zhou dynasty China not only developed iron technology but also improved technology of war making better weapons by means of smelted iron. As a result, iron weapons spread to the masses, contributing to the Warring States period.
Option D: it is also true that the Zhou jealously guarded the secret of smelting the iron and created a trading empire. The iron production encouraged trade and improved the empire economy.
Option E: Zhou craftsman are known for their iron art and it is still sold today. During the Zhou period, the craftsmanship had great importance for his skills for producing sophisticated iron weaponry.
Option F: Iron helped the Zhou rulers so much that they reserved the Mandate of Heaven for themselves alone. It was a period of cultural and intellectual expansion during Zhou era and the iron helped rulers keep the control of the land
.
Option A. planters moved from the old south to the deep south to:
A. Find new land
<h3>Why were the planters moving in the old south?</h3>
The reason for the movement was due to the fact that there was a huge demand for cotton in the south.
In order to meet with the demand. they had to move to new areas with their slaves and other equipment.
Read more on the old south here:
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The Declaration of Independence was signed on July 4, 1776. The document declared independence for the American colonies from England, their former tyrannical ruler- and now Independence Day is national holiday celebrated every July 4th.
