Jul 08, 2017 Others

Suppose the U.S. government removed tariffs in your industry. What impact would that have on your firm?

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ECO 202 WK 4 SLP: Impact of Removing Tariffs & Free Trade

Instructions:

As we have learned, foreign trade policy can have a significant impact on domestic firms. Consider the EATON CORPORATION you have chosen and address the questions below in a 2- to 3-page paper:

  1. Suppose the U.S. government removed tariffs in your industry. What impact would that have on your firm?
  2. What are some obstacles your firm might face with production in another country?
  3. Using at least TWO resources that you find on your own, make an argument FOR or AGAINST free trade. Be sure to discuss the advantages and disadvantages of which policy you support. (Wikipedia is not an acceptable academic resource for this course).

SLP Assignment Expectations

Use concepts from the modular background readings as well as any good-quality resources you can find. Please be sure to cite all sources within the text and a reference list at the end of the paper.

Length: 2–3 pages double-spaced and typed.

The following items will be assessed in particular:

  • Your ability to examine the international market in a particular firm.
  • Some in-text references to the modular background readings (APA recommended)
  • The essay should address each element of the assignment. Remember to support your answers with solid references.

Content:

ECO 202 Week 4 SLP Name Institution ECO 202 Week 4 SLP Impact of Removing Tariffs International trade heightens the number of goods than local consumers can select from. Such trade also reduces the cost of such goods through heightened trade and gives room for domestic companies such as Eaton Corporation to export their products abroad. While this seems like a good thing, free trade is not always encouraged. Governments often introduce tariffs as a way of protecting industries. If the tariffs on the kind of business that Eaton Corporation engages in are removed, a few things would happen. To start with, the removal of tariffs would see mor

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