Description
instruction:
The Economic Impact of Recent New Mercantilist Trade Policies Regarding the U.S. Steel Industry. This is specific enough that it allows you to collect data on the current state of the steel industry, but you can also discuss how protectionist trade policies on steel impact the whole economy. Additionally, we can pull in some of the historical readings we'll be doing in class. Particularly, the Mercantilist ideas of trade as a zero-sum game and the emphasis on achieving a trade surplus, versus Adam Smith's response that trade is not zero-sum and that trade surpluses are not necessarily beneficial. Let me know what you think.
Attcment:
I the attachment are tow fails the first one is "EconomicsOutlines" I want points # 1, 4, 5, and 7 to only be answered. you will see resources in the fail regarding these point you can use them our you can use your own.
the second file is "U.SSteel" . this fail contain an introduction paragraph.
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Explanation & Answer
Please let me know if there is anything needs to be changed or added. I will be also appreciated that you can let me know if there is any problem or you have not received the work. Please let me know if there is anything needs to be changed or added. I will be also appreciated that you can let me know if there is any problem or you have not received the work Good luck in your study and if you need any further help in your assignments, please let me know Can you please confirm if you have received the work? Once again, thanks for allowing me to help you R
Running head: ECONOMICS
1
Economics
Name of student
Institutional affiliation
Date
ECONOMICS
2
Introduction
The paper will be covering the economic impact of Neo-Mercantilist policies regarding
the U.S. steel industry. First, the paper will explain the theoretical underpinnings of NeoMercantilism and how it conflicts with Classical Economics, such as in their differing views of
wealth. Then, the research here will identify U.S. policies on the steel industry which qualify as
Neo-Mercantilist, explaining how these policies impact the industry. Finally, the research will
broaden our scope of inquiry to touch on how these policies have far-reaching consequences
which affect the U.S. economy as a whole.
Primarily, the hypothesize that these Neo-Mercantilist policies have a negative impact on
the U.S. economy as a whole, increasing the price of steel and causing other industries that use
steel to lose profit (Peet, & Hartwick, 2015). In this case, ...