One argument for is that exports help improve the terms of trade of a country and also opens markets for domestic producers, meaning they can grow, employ more workers, earn more income, etc. Another argument for is that it increases competition, as there are goods coming in from all corners of the world, which may pressure domestic pressures to be more competitive and innovative with their products, improving its quality and product choice.
An argument for protectionism could be that imports may actually be harming domestic producers, which as we can see from President Trump's rhetoric, we can deduce that cheap imports from China will take sales revenue away from American producers and potentially cause them to lose customers and close down. Another argument for is that quotas and tariffs will make imports more expensive, which may make domestic products more price competitive.
Regarding the opinions, come up with it yourself. Think of the pros and cons and make a balanced judgement.
Answer:
.a. import sweaters from Britain and export machinery to Britain.
Explanation:
A lower opportunity cost of manufacturing a particular goods means that a country uses fewer inputs in production compared to other nations. The country can produce more quantities of the product using similar factors of production. A lower opportunity cost in manufacturing will make a country's output cheaper compared to when that product is manufactured in other nations.
Varying production costs form the basis of international trade. A County imports commodities that are produced cheaply elsewhere and exports the goods it can manufacture at a lower cost. The united states can produce machinery at a lower cost than Britain. Britain will be prudent to import machinery from the united states rather than produce. Britain produces sweaters using fewer inputs that the US. The US will find importing sweaters from Britain more economical compared to manufacturing.
Answer: E. she can now work as a trainee with an expert
Explanation:
Since Jessica hopes to get an entry level job in an audit firm, the professional organization will help her in her quest as she can now work as a trainee with an expert.
By joining the professional organization, she'll get the work experience that's needed when she finally get the role on the audit firm. She would have learned from a professional who's experienced and this will be vital in her getting into the workforce.
Answer:
C. -Because They are responsible for customer satisfaction
Explanation:
Every Cashier is responsible for making sure that the customer Gets what he or she needs. and ever customer should be treated fairly. Every Customer should be happy when Getting Served.
Answer:
C. Teach procedures for stacking items in straight, even loads.
Explanation:
