Macroeconomics HW Essay Example | Topics and Well Written Essays - 500 words

Macroeconomics HW - Essay ExampleGovernment loses revenue, there is consumer surplus as the market becomes to a greater extent attractive for foreign imports (goods made overseas and shipped to the U.S.). Because domestic supply increases when a tariff is in place, lower the tariff would be little financially beneficial to the domestic producers.Yes, the economy has been made better by by trade. Understanding that tariffs increase governance revenues and also increase domestic supply, it prevents many foreign-made products from flooding the U.S. market. When the government is in a better financial position, these investments can be made in stimulus or other beneficial financial programs to spark growth. The government maintains even more control with the import quota, which tho stimulates growth in domestic sales, but also gives consumers more product options. Losses in manufacturing atomic number 18 offset by growth in other industries, which still provide workers with qualit y jobs just with less focus on production facilities. Trade can stimulate a need for better upbringing to consumers for jobs such as technology, frankincense providing a competitive advantage with other nations despite the trade situation.The beginning bank line about national security is not justified as it relates to agriculture. The United States maintains very juicy agricultural output and thus foreign agriculture would not be considered critical to sustaining the well-being and health of Americans. Except for items like coffee that have no substitutes, shifts in supply of foreign produced agriculture are not a security risk.The second argument about job creation, however, is justified by the argument for trade protection. If too many agricultural products are imported into the U.S., it could affect domestic production and thus create job losses for farmers, canners, or other jobs related to food supply.The last argument, about sister industries, is not really relevant to t he U.S. This