Before answering the following questions, review the Assignment Checklist. Then, in a separate Word document, answer the following questions in a 3–4 page expository research paper:
1. How much does international trade affect you personally? Look at any 10 items around your home that you have purchased in the last year. Where were they made? How many were made in America, compared to how many were foreign made? What things does America export to other countries? What things does America import from other countries? How does what you have learned about Comparative Advantage affect this trade?
2. Currently there is a lot of talk among politicians about imposing tariffs on foreign made products imported into the U.S. and retaliatory tariffs imposed by foreign countries on U.S. made goods. What is a tariff? Who ultimately pays the tariff? Who gets the proceeds from the tariffs? What is the money used for? Discuss the advantages and disadvantages to all involved parties (American workers, American consumers, foreign workers, and foreign consumers) of tariffs on imports to the U.S. and retaliatory tariffs imposed by foreign countries on U.S. made goods.
3. In considering the foreign trade issue, discuss how the background, education and cultures of the people in the U.S. and the cultures in each trading country affects their understanding of the importance of foreign trade. Discuss the importance of your ability to understand and accept multiple cultural differences in a global context. What recommendations would you suggest to increase American understanding and acceptance of foreign cultures?
Assignment Checklist:
● Write your paper in a separate Word document.
● Unless specified differently by your course instructor, save your Assignment to your computer with the following file naming format: Course number_section number_last name_first name_unit number
● Your title page should, at a minimum, contain the following information: Your name, course number, section number, date, and the title of your paper
● Write a 3–4 page paper (in addition to the title and reference pages) following APA 6th edition format with citations to any quoted, or paraphrased sources. Your written research should also be in Standard English with correct spelling, punctuation, grammar, and style (double-spaced, in Times New Roman, 12–point, and in black font).
● Your paper should provide a clearly established and sustained viewpoint and purpose.
● Your writing should be well ordered, logical and unified, as well as original and insightful.
● A separate page at the end of your research paper should contain a list of a minimum of one cited and referenced academically credible reference, in proper APA 6th edition formatting.
● Cite and reference your academically credible sources from the Library and any other academically oriented online sources. Review the APA formats found in Writing Resources accessed through the Academic Success Center within the Academic Tools area of the course.
● Review the Rubric below to ensure all points have been captured in the paper.
Directions for Submitting your Assignment
Be sure to respond to all the questions using the critical elements listed in the Assignment Checklist and submit your paper to the
Unit 2 Assignment
Dropbox by Tuesday, midnight ET of this unit.
Unit 2 Assignment: Comparative and Absolute Advantage in International Trade including an Understanding of Multiculturalism
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Possible Points
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Points Earned
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Overall Writing:
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10
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Used correct file name in uploading assignment document.
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2
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Demonstrated concerted effort to utilize material from the textbook and/or seminars to answer questions.
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3
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Correctly formatted paper in APA 6th edition. Includes a minimum of one cited and referenced academically credible source.
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3
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Used standard English with few or no grammatical errors.
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2
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Individual Questions:
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30
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1. Thoroughly researched and analyzed international trade in light of Comparative Advantage theory.
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10
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2. Thoroughly researched and analyzed the impact of U.S. Trade tariffs on products imported into the U.S. and retaliatory foreign trade tariffs on U.S. exports.
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10
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3. Thoroughly developed and discussed recommendations for how to encourage Americans to have a more accepting attitude toward other cultures and how that acceptance will further economic conditions world-wide.
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10
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Less points deducted for late submission
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Total Points
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40
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