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REPONSE 3

by | Nov 30, 2023 | questions

1 response Db /
unitthe International
economy

Each post should be one paragraph in length (75
words) and must be substantive in nature Do not simply state that it is a good
or bad idea, specify why and be detailed in your explanation. Aside from
assisting a classmate, the goal is to demonstrate your mastery of the concepts.

1 response 75 words

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Reponse 3
1 response Db / unit the International economy
Each post should be one paragraph in length (75 words) and must be substantive in nature Do not simply state that it is a good or bad idea, specify why and be detailed in your explanation. Aside from assisting a classmate, the goal is to demonstrate your mastery of the concepts.
1 response 75 words
You will submit a minimum of 1 paragraphs for the week. At least three paragraphs will be included in your MAIN POST and one paragraph each for your two Interactive Replies.
1st Interactive Response
1 Paragraph
75 words
 Chad W Meyers
BUS-610 Unit 3 DB
5/29/13
 
When is international trade an opportunity for workers
 Approximately 42% of U.S. jobs are connected to international trade, 3 million of these jobs are manufacturing and another 3.9 million are agricultural jobs so international trade is creating more opportunities for the US worker than there would be with a closed economy.  When compared to a country with a closed economy a country that supports international trade has better economic growth, employment and living standards, and opportunity for growth (Bangkoklogistics.com, 2007).  International trade also protects consumers from expensive tariff tax that would be incorporated in a closed economy if goods were transported in.  Demand for the product is another bonus to international trade when a product is introduced into a global market the demand will increase creating more demand and in return more jobs will be needed to support the increase in demand.
When is it a threat to workers
 Outsourcing is the biggest threat to workers where international trade is done.  If a company can outsource jobs to save on labor rates and produce more for less with equal quality then it becomes a threat to workers by reducing the amount of jobs locally needed to support the demand for the product.  There have been many companies in the U.S. that have been taken down to a minimal workforce or close due…

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