group assignment #1

group assignment #1 - Analysis of International Trade of...

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Analysis of International Trade of U.S. Economy and Jobs UNIVERSITY OF LA VERNE BUS 500B: Economics for Decision Making
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Prepared for Professor J.M. Walecki Prepared by Group #2 Bo Zhao Xingyu Peng Lin Lin Kuo Feng Wei Jan 2012
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Analysis of International Trade of U.S. Economy and Jobs On the topic whether the international trade benefits or hurts U.S. economy or not, we analyze the nation’s economy in two different categories, imports and exports. In addition, both imports and exports consist benefits and costs in international trading. It is fairly difficult to judge the elements of international trade may or may not hurt U.S economy and effect U.S employment, however, by looking at the potential benefits and costs of international imports and exports, we determined whether U.S economy status and job rates are getting better and not worse. Benefits and Costs of Imports The benefits of imports from foreign countries to America are obviously demonstrated like lower cost of daily necessities, more resources available in the globe like petroleum. Nowadays, the relationship between the U.S. and China becomes complex because the vast majority of goods and services sold in the U.S. are made in China or related to China-made materials. As a result of imports of China-made goods, it intensify the competition between domestic companies and foreign companies so that price of goods goes down, many international companies desires to gain more profits and market share, they set the price down by a wide margin so that it benefits people in the U.S. . Secondly, it diversifies the categories of goods in the U.S. market to supply consumers more choices. Thirdly, it has increases the effectiveness and efficient of the manufacturers and many other producers. What the manufacturers in the U.S. need to do is just use the import parts to produce good qualitative and quantitative products which provide for consumers in the U.S. Because of the increase of consumer demand, The economy of the U.S. has been more dependent on the
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global economy. Affluent market supplement and strong U.S. dollar increase a mess of imports. In the part of petroleum imports, it is well known that the U.S. need a mass of
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This note was uploaded on 02/27/2012 for the course BUS 510 taught by Professor Mehdi during the Spring '11 term at University of La Verne.

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group assignment #1 - Analysis of International Trade of...

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