BUS357 Week 2 Discussion (dq1+dq2)

BUS357 Week 2 Discussion  

Dq1

Trade Theory. In the article, “Obama and Romney are wrong: Outsourcing is America at its best,” Bruce Bartlett argues that international trade is a win-win for both trading partners. After reading and critically evaluating the information presented and Mr. Bartlett’s point of view, discuss the following:

1. Compare and contrast Mr. Bartlett’s position with the theory of absolute advantage and the theory of comparative advantage.

2. Do you agree or disagree that when business leaders outsource jobs in order to reduce production costs they are harming the American economy?

3. Does outsourcing jobs ultimately benefit the economy by resulting in better paying jobs for Americans?

Dq2

Trade Control and Free Trade. Respond to the following:

1. Explain what trade control is. What are the instruments of trade control? Discuss the pros and cons of

   using trade control. Support your answers with examples.

2. Go to the USDA’s page on NAFTA (North American Free Trade Agreement). Explore the insights into NAFTA and discuss the impact of NAFTA on its members.