Macroeconomics

. A representative of the American clothing industry tardily made the by-line statement: Workers in Asia often utilisation in sweatshop conditions earning only pennies an hour. American workers are much fatty and as a result earn higher(prenominal) wages. In order to preserve the dignity of the American workplace, the government should decree statute law banning imports of low-wage Asian clothing. Answer the following: (10 points) a. Which part of this quote are positive statements? Which parts are prescriptive statements? b. Would such a policy make some Americans burst sour without making any other Americans worse off? Explain who and why. c. Would low-wage Asian workers benefit from or be harm by such a policy and why? . Referring to the corresponding situation in question 1, but instead of legislation banning the imports, assume that the government enacts a special evaluate on imported clothing that is so high that the interchange price of the imports would be equal to the make outing price of the same clothing made in America. This kind of tax is called a tariff and is enacted to protect domestic producers of the same items that can be imported at much lower costs. Answer the following: (10 points) a. What would shoppers see when they shopped in Wal-Mart and the other big box stores that sell so many imported items?

b. Would this tax policy collect a go against effect, worse effect, or no divers(prenominal) effect on American workers than the legislation banning the imports discussed in question 1? What kind of effect would the tax support on the Asian workers? . A growing economy performer that the economy is producing more and more close up, either because it has more resources (workers), or uses those resources more productively (smarter, better workers, working with better machines and systems). A growing economy that produces more and more stuff normally means that the people have a higher and higher standard of living. If the government adopts a free alternate policy towards all imports,... If you want to get a all-embracing essay, order it on our website: Orderessay

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