Briefly discuss Section 301 of the Trade Act of 1974, along with its use in 2017-2018.
What will be an ideal response?
POSSIBLE RESPONSE: Section 301 of the Trade Act of 1974 provides the United States with the authority to enforce trade agreements, resolve trade disputes, and open foreign markets to U.S. goods and services. Under the law the government may impose trade sanctions on foreign countries that violate trade agreements or engage in other unfair trade practices. When negotiations to remove the offending trade practice fail, the United States may retaliate by increasing tariffs on the foreign country's products. In 2017 the U.S. government initiated an investigation under Section 301 of the Trade Act of 1974 into the Chinese government's acts, policies, and practices related to technology transfer, intellectual property, and innovation. In 2018 President Trump imposed retaliatory tariffs, which began a trade war with China as China objected and imposed tariffs on Chinese imports from the United States.
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In the above figure, a movement from point B to point C could be explained by
A) an increase in the price level. B) a decrease in the quantity of money in circulation. C) increased government spending. D) the real-balance effect.
Which of the following is true?
A. The completion of the transcontinental railroad system in the 1880s eventually made the United States the world's first mass market. B. Southern manufacturers benefited from high protective tariffs of the 19th century that kept out cheaper Japanese manufactured goods. C. The canal system linking east-coast rivers with the Great Lakes in the 1820s created an "American economy" rather than just a series of regional economies located in one country. D. Agricultural inventions such as John Deere's steel plows did little to improve farm productivity.
Labor markets are generally perfectly competitive markets.
Answer the following statement true (T) or false (F)
The value of a firm is
A. the price for which the firm can be sold minus the present value of the expected future profits. B. larger the higher is the risk premium used to compute the firm's value. C. smaller the higher is the risk premium used to compute the firm's value. D. both b and c