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 28 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
Thanks for the timely response, appreciate it


olderstudent

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

 

Did you know?

Serum cholesterol testing in adults is recommended every 1 to 5 years. People with diabetes and a family history of high cholesterol should be tested even more frequently.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Did you know?

Parkinson's disease is both chronic and progressive. This means that it persists over a long period of time and that its symptoms grow worse over time.

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

There are more bacteria in your mouth than there are people in the world.

For a complete list of videos, visit our video library