Chapter 6 – The Theory of Tariffs and Quotas Hufbrauer and Schott, “Buy American: Bad for Jobs, Worse for Reputation” (pp. 1-4) 1. What was a key provision in the American Recovery and Reinvestment Act that received a lot of attention? 2. According to the calculations by the authors, how many jobs would be created by the provision from question 1 and what reason do they provide to rationalize this number? 3. What is a potential backlash of Buy American? Byrd, “Brief note on U.S. steel and iron industry employment” (on Canvas) 1. Has the U.S. seen a net increase or decrease in the steel and iron industries? Moody, “Is Buying American-made Important?” 1. What do you consider to be American made? 2. Are foreign owned car manufactures really hurting U.S. workers? 3. What benefits, if any, are foreign owned car manufactures doing for U.S. towns and cities? Stossel, “The Stupidity of Buy American” 1. Why does Dr. Henderson believe buying American is nonsense? 2. How, according to Stossel, can fair trade coffee hurt the American consumer? 3. How can we view sweatshops as a good thing? Gerber, Ch. 6 Hufbrauer and Schott, “Buy American: Bad for Jobs, Worse for Reputation (Links to an external site.)Links to an external site.” (pp. 1-4) Byrd, “Brief note on U.S. steel and iron industry employment ” Moody, “Is Buying American-made Important?” (Links to an external site.)Links to an external site. Stossel, “The Stupidity of Buy American” (Links to an external site.)Links to an external site. Previous
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