Trade barriers in macroeconomics

A trade barrier is concerned with levies on specific imports. Following Trump's election to the presidency, he withdrew from the Trans-Pacific Partnership, costing the country billions of dollars in annual earnings from diverse North American exports, not to mention the ever-expanding Asian economy. Additionally, (Mohan xx) contends that, while the...

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When Carry Goes Bad: The Magnitude, Causes, and Duration of Currency Carry Unwinds

The article "When Carry Goes Bad: The Magnitude, Causes, and Duration of Currency Carry Unwinds" by Duncan Shand and Michael Melvin defines carry trade as a speculative scheme involving the purchase of currencies from countries with high interest rates and the sale of currencies from countries with low interest rates...

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Debate Letter on the Hypothetical Copy from a Consumer Group

The letter, as the title suggests, is prepared to speak about consumer issues that are important and valuable to garner debate concerns during the upcoming World Trade Organization Summit. Trade and consumer groups are inextricably linked. There is no complete commerce life cycle without the mention and engagement of trade....

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Trade and Microeconomics

Trading is the financial act of purchasing and selling products and services. It entails exchanging commodities for money or its equivalent. Free trade is the economic policy adopted by global markets in which imports and exports to other countries are neither restricted or discriminated against. Investors from other economies can...

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Why do individuals and firms specialize and trade with one another? Who benefits?

When a single country or even a person has a comparative advantage in terms of production, they have the potential to tremendously gain from trade and specialization (Hummels, & Schaur, 2012). Individuals and businesses, realizing this, contemplate specialized and trading with one another for a variety of reasons. To begin...

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Global Economy and the USA

Trading agreements are formed when two or more countries agree on appropriate trade terms. These agreements are in charge of defining the tariffs and charges imposed on both imports and exports. There are three sorts of trade agreements that can arise between nations: unilateral, bilateral, and multilateral. The Transatlantic Trade...

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question of the public on the government role on global issues

Over the last few decades, there has been a significant increase in public concern about the government's role in global issues such as climate change and trade. As a result, public opinion appears irrational since it is unstable, changing, and exhibits a lot of swings associated to the movement from...

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The North American Free Trade Agreement (NAFTA)

The North American Free Trade Agreement (NAFTA) is a free trade agreement signed by Canada, the United States, and Mexico. This deal was reached by George H.W. Bush's administration on December 17, 1992, but it took effect on January 1, 1994. NAFTA has benefited the United States by lowering import duties....

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efforts to eradicate poverty

The graphic depicts efforts to reduce poverty, which has been a major social issue. Poverty eradication has received widespread support around the world, and efforts are being made to abolish poverty at both the community and government levels. Poverty is a worldwide issue having political, social, ethical, and economic implications....

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Functional Aspects of the Kula Trade

Malinowski initially presents the Kula trade in The Argonauts of the Pacific in a more basic manner. He characterizes it as an extensive kind of exchange that is heavily infused with inter-tribal interactions. Some of the communities that reside in a huge ring of islands that eventually forms a closed...

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The Trade Weighted Index

The trade weighted index is thought of as the standard by which the value of a nation is measured while trading with other trading partners. The index is a measure that doesn't have any fixed units. Based on the weights of the US dollar and the given foreign currency, the...

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Importance of Exchange Rates

The quotation of a nation's currency in relation to the currencies of other nations is represented by its exchange rate. According to Gabaix and Maggiori (2015), the exchange rate is crucial for a nation's trade since it serves as a conversion factor for the valuation of goods and services in...

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