This topic contains a solution. Click here to go to the answer

Author Question: What is a tariff? Why has the world economy moved from high tariffs and protectionism to lower ... (Read 39 times)

sammy

  • Hero Member
  • *****
  • Posts: 818
What is a tariff? Why has the world economy moved from high tariffs and protectionism to lower tariffs and nontariff barriers?
 
  What will be an ideal response?

Question 2

What was Ronald Reagan's Strategic Defense Initiative? Do you think the U.S. government should implement such an initiative today? Why or why not?
 
  What will be an ideal response?



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

krakiolit

  • Sr. Member
  • ****
  • Posts: 318
Answer to Question 1

An ideal response will:
1, Define a tariff as a tax added to the cost of imported goods that is designed to raise their price and thereby protect the country's businesses and workers from foreign competition.
2, Describe the increasingly interdependent nature of the global economy, and how tariffs erect a barrier to free trade between countries.
3, Discuss how agreements such as NAFTA and GATT have lowered barriers to trade and how countries now resort to nontariff barriers such as quotas, subsidies, and quality specifications to limit imports.
4, Observe how the global world economy is making concepts such as imports and exports increasingly difficult to define.For example, many businesses have companies in multiple countries.

Answer to Question 2

An ideal response will:
1, Define Reagan's Strategic Defense Initiative (SDI) as a proposed program that would create a space-based umbrella that would automatically protect the United States from nuclear weapons.
2, Argue for or against implementing an SDI-like program. Those in favor of such a program may note the importance of protecting the United States from nuclear weapons. Those opposed to such a program may note that such a program would be expensive, may not work (with potentially catastrophic consequences), and is not as necessary given the end of the Cold War.




sammy

  • Member
  • Posts: 818
Reply 2 on: Jul 10, 2018
Gracias!


olderstudent

  • Member
  • Posts: 339
Reply 3 on: Yesterday
Excellent

 

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

According to the National Institute of Environmental Health Sciences, lung disease is the third leading killer in the United States, responsible for one in seven deaths. It is the leading cause of death among infants under the age of one year.

Did you know?

The term bacteria was devised in the 19th century by German biologist Ferdinand Cohn. He based it on the Greek word "bakterion" meaning a small rod or staff. Cohn is considered to be the father of modern bacteriology.

Did you know?

Though Candida and Aspergillus species are the most common fungal pathogens causing invasive fungal disease in the immunocompromised, infections due to previously uncommon hyaline and dematiaceous filamentous fungi are occurring more often today. Rare fungal infections, once accurately diagnosed, may require surgical debridement, immunotherapy, and newer antifungals used singly or in combination with older antifungals, on a case-by-case basis.

Did you know?

Everyone has one nostril that is larger than the other.

For a complete list of videos, visit our video library