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Recently the US has accused China of "dumping" solar panels on the US market. Research this and other "dumping" accusations either by the US, or against the US, and other countries. Choose one case. Explain the case to your classmates, take a position (either for or against) then discuss the arguments for and/or against protectionist trade barriers.

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Mahe Alam
Mahe AlamLv10
28 Sep 2019

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Related questions

1. Who are the winners and who are the losers from "free trade"?

2. Why do economists believe that a tariff is better than an import quota? (Actually, most economists do not like either!)

3. Why is the "infant industry" protectionist argument perhaps valid for some situations?

4. What is one argument for and one argument against NAFTA?

5. Evaluate this statement: "If a country bans an import, smuggling is inevitable. We should welcome smuggling because it increases consumer welfare."

6. Suppose Country A can produce 200 toys or 400 pineapples per day, while Country B can produce 300 toys or 900 pineapples per day. Where do the comparative advantages lie? Should trade take place?

7. What is dumping? Why is this done?

8. Discuss this statement: "Free traders win the economic arguments, but protectionists (those who favor tariffs) often win the elections."

9. Do you believe that American consumers should boycott goods made by exploited workers in Less Developed Countries? Explain why this might or might not work.

Using the concepts of absolute and comparative advantage answer the questions.

1) Why does the U.S. trade goods with other countries that they can produce themselves? Wouldn't the U.S. be better off producing the goods themselves?

2) In your opinion, has the U.S. outsourced too much? Explain why you believe that the U.S. has or has not outsourced too much keeping in mind the reasons why corporations outsource, and the benefits derived from this strategy.

Please review the following resources when forming your opinion; you are free to do as much research as you want however your opinion should be based on data and not assumptions!

For example, just because your cousin lost his job because it was sent overseas doesn't necessarily mean that there was an overall negative economic impact.

- Economics of Outsourcing Policy http://www.plu.edu/~econ331/home.html The Case for Outsourcing Jobs http://money.cnn.com/2012/09/14/news/economy/outsourcing-jobs/index.html

- Outsourcing for Dummies (and the Willfully Ignorant) http://www.forbes.com/sites/danikenson/2012/07/11/outsourcing-for-dummies-including-the-willfully-ignorant/#39516eaa6821 US Manufacturers

- Have Three Million Available Jobs To Fill http://www.infowars.com/us-manufacturers-have-three-million-available-jobs-to-fill/

- U.S. Trade: Exports and Imports Decline Sharply in January 2009 http://www.calculatedriskblog.com/2009/03/us-trade-exports-and-imports-decline.html

Please take a look at how imports and exports mirror each other.

Using the concepts of absolute and comparative advantage, answer the questions:

Why does the U.S. trade goods with other countries that they can produce themselves?

Wouldn't the U.S. be better off producing the goods themselves?

In your opinion, has the U.S. outsourced too much? Explain why you believe that the U.S. has or has not outsourced too much keeping in mind the reasons why corporations outsource, and the benefits derived from this strategy.

Please review the following resources when forming your opinion; you are free to do as much research as you want however your opinion should be based on data and not assumptions. For example, just because your cousin lost his job because it was sent overseas doesn't necessarily mean that there was an overall negative economic impact.

Economics of Outsourcing Policy: http://www.plu.edu/~econ331/home.html

The Case for Outsourcing Jobs: http://money.cnn.com/2012/09/14/news/economy/outsourcing-jobs/index.html

Outsourcing for Dummies: http://www.forbes.com/sites/danikenson/2012/07/11/outsourcing-for-dummies-including-the-willfully-ignorant/#39516eaa6821

US Manufacturers Have Three Million Available Jobs To Fill: http://www.infowars.com/us-manufacturers-have-three-million-available-jobs-to-fill/

U.S. Trade: Exports and Imports Decline Sharply in January 2009: http://www.calculatedriskblog.com/2009/03/us-trade-exports-and-imports-decline.html

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