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Would this tax policy have a better effect, worse effect, or no different effect on American workers than the legislation banning the imports discussed in question 1? What kind of effect would the tax have on the Asian workers?
This would have a better effect on American workers. There would be more jobs as people would start buying more American products as there is no price difference between cheap and named brands.
2. In the ancient country of Roma, only two goods, spaghetti and meatballs, are produced. There are two tribes in Roma, the Tivoli and the Frivoli. By themselves, the Tivoli each month can produce either 30 pounds of spaghetti and no meatballs, or 50 pounds of meatballs and no spaghetti, or any combination in between. The Frivoli, by themselves, each month can produce 40 pounds of spaghetti and no meatballs, or 30 pounds of meatballs and no spaghetti, or any combination in between.
Examine the first diagram showing the monthly production possibility frontier for the Tivoli and the monthly production possibility frontier for the Frivoli.
a. Which tribe has the comparative advantage in spaghetti …show more content…
(2013). Microeconomics (Third ed.). New York, NY: Worth
Unit _2_ Practice Assignment Grading Rubric | | | | Content | Percent Possible | Points Possible | Full assignment | 100% | 40 | | | | Overall Writing: | 20% | 8 | correct coversheet information at the top of 1st page | 5% | 2 | APA format for answers | 3% | 1 | correct citations | 3% | 1 | standard English no errors | 4% | 2 | At least ONE, or more, references | 5% | 2 | | | | Answers: provides complete information demonstrating analysis and critical thinking: | 80% | 32 | Individual Questions: | | | 1. a. - Which statements are positive, which are normative? | 7% | 3 | 1. b. - Is the policy consistent with the | 7% | 3 | 1. c. - Would Americans be better, or worse off? | 7% | 3 | 1. d. - What would be the impact on Asian workers? | 5% | 2 | 1. e. - What would shoppers see, if import tax created? | 7% | 3 | 1. f. - Is tax better, or worse than ban? | 7% | 3 | 2. a. - Which has comparative advantage in spaghetti? | 5% | 2 | 2. b. - Which has comparative advantage in meatballs? | 5% | 2 | 2. c. - With innovation who has absolute advantage in meatballs? | 5% | 2
This would have a better effect on American workers. There would be more jobs as people would start buying more American products as there is no price difference between cheap and named brands.
2. In the ancient country of Roma, only two goods, spaghetti and meatballs, are produced. There are two tribes in Roma, the Tivoli and the Frivoli. By themselves, the Tivoli each month can produce either 30 pounds of spaghetti and no meatballs, or 50 pounds of meatballs and no spaghetti, or any combination in between. The Frivoli, by themselves, each month can produce 40 pounds of spaghetti and no meatballs, or 30 pounds of meatballs and no spaghetti, or any combination in between.
Examine the first diagram showing the monthly production possibility frontier for the Tivoli and the monthly production possibility frontier for the Frivoli.
a. Which tribe has the comparative advantage in spaghetti …show more content…
(2013). Microeconomics (Third ed.). New York, NY: Worth
Unit _2_ Practice Assignment Grading Rubric | | | | Content | Percent Possible | Points Possible | Full assignment | 100% | 40 | | | | Overall Writing: | 20% | 8 | correct coversheet information at the top of 1st page | 5% | 2 | APA format for answers | 3% | 1 | correct citations | 3% | 1 | standard English no errors | 4% | 2 | At least ONE, or more, references | 5% | 2 | | | | Answers: provides complete information demonstrating analysis and critical thinking: | 80% | 32 | Individual Questions: | | | 1. a. - Which statements are positive, which are normative? | 7% | 3 | 1. b. - Is the policy consistent with the | 7% | 3 | 1. c. - Would Americans be better, or worse off? | 7% | 3 | 1. d. - What would be the impact on Asian workers? | 5% | 2 | 1. e. - What would shoppers see, if import tax created? | 7% | 3 | 1. f. - Is tax better, or worse than ban? | 7% | 3 | 2. a. - Which has comparative advantage in spaghetti? | 5% | 2 | 2. b. - Which has comparative advantage in meatballs? | 5% | 2 | 2. c. - With innovation who has absolute advantage in meatballs? | 5% | 2