essay econ question

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uhyhnaxh

Economics

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Homework # 5. Due 10/17 Submit your answers on a one page, printed document, submitted in class. Format: Single space, twelve point font, one inch margins. Your full name and UB person id should be on the top of the page. Use the entire page. No handwritten homework’s. Late homework’s shall not be accepted. Assignment: Pages 168 & 169 in Parkins 12th edition discusses trade. This article is especially relevant in light of the agreement (TPP) just reached by major trading partners with the United States in the pacific region. Discuss: 1) How did the desire to protected rice farmers impact the negotiation? 2) How will the rice growers’ producer surplus be impacted by TPP? 3) How will US consumers be impacted by TPP? 4) What favorable impacts are expected to be seen by Japanese consumers? Make sure you: 1) Introduce your topic. 2) Answer the questions. 3) Conclude and summarize your thought(s) on the subject.
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I have attached the outline as well

Essay Econ Questions Outline
I.

Introduction
1. Globalization encourages trade between various nations globally
2. International trade facilitated by the ratification of trade agreements

Thesis: The TPP is the largest trade agreement in history since signatory nations account for
about 40% of the global GDP
II.

III.

IV.

V.

VI.

Negotiation Impacts
1. Japan is the second largest economy in the TPP after the USA
2. Need for Japan to protect their ancestors’ hard work in maintain their food and
environmental culture; the negotiations could not reach a conclusive agreement
(Gianni, 2016)
Rice Surplus
1. The Trans pacific partnership trade agreement aim at seeing the nation involved
lowering different barrier to trade
2. The price of a ton of rice in Japan stands at $4,000
3. Imported rice, it will see the rice prices dropping to $2,800 a ton
4. Demanded in the nation will increase and shrink the rice growers’ producer
surpluses
TPP Impacts USA Consumers
1. The Trans pacific partnership trade agreement aim at seeing the nation involved
lowering different barrier to trade
2. Prices of food will go upwards
3. Increase the real income of the USA consumers
4. More jobs which will improve their quality of life
Japanese Consumers Impacts
1. The TPP agreement will mean that tariffs will be used in lowering the prices of
farm, dairy and other good in Japan (Mina, 2015)
2. Consumers will purchase products at much cheaper prices
3. Increase the rates of competition
4. High rates o...


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