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Kaplan BUS224 week 2 assignment




Question;BU224Unit 2 Assignment;Name: -;Course Number: -;Section Number: -;Unit Number: - 2;Date: -;---------------------------------- General Instructions for all Assignments-----------------------------------;1.;Unless specified differently by your course instructor, save this assignment;template to your computer with the following file naming format;Course;number_section number_LAST_FIRST_ unit number;2. At the top of the template, insert the;appropriate information: Your Name, Course Number, Section Number and Date;3.;Insert your answers below, or in the appropriate space provided for in the;question. Your answers should follow the;APA format with citations to your sources and, at the bottom of your last page;a list of references. Your answers should also be in Standard English with;correct spelling, punctuation, grammar, and style (double spaced, in Times New;Roman, 12-point, black font). Respond to;questions in a thorough manner, providing specific examples of concepts;topics, definitions, and other elements asked for in the questions.;4. Provide a list of references at the end of;the last page of your assignment.;5.;Upload the completed assignment to the appropriate dropbox.;6.;Any questions about the assignment, or format questions, should be directed to your;course instructor.;-------------------------------------------;Career Competencies -----------------------------------------;In;this assignment, you will engage in developing the following career;competencies;Analyzing;Quantitative Data;Analyzing;Qualitative Data;Improving;Global Awareness;------------------------------------------- Assignment -------------------------------------------;1.;A representative of the American clothing industry recently made the following;statement: ?Workers in Asia often work in sweatshop conditions earning only;pennies an hour. American workers are more productive and as a result earn;higher wages. In order to preserve the dignity of the American workplace, the;government should enact legislation banning imports of low - wage Asian;clothing.?;a.;Which parts of this quote are positive statements? Which parts are normative statements?;b.;Is the policy that is being advocated consistent with the preceding statements;about the wages and productivities of American and Asian workers?;c.;Would such a policy make some Americans better off without making any other;Americans worse off? That is, would this policy be efficient from the viewpoint;of all Americans?;d.;Would low - wage Asian workers benefit from or be hurt by such a policy?;Instead;of legislation banning the imports, assume that the government enacts a special;tax on imported clothing that is so high that the selling price of the imports;would be equal to the selling price of the same clothing made in America. This;kind of tax is called a tariff and is enacted to protect domestic producers of;the same items that can be imported at much lower costs. Answer the following;e. What;would shoppers see when they shopped in Wal-Mart and the other ?big box? stores;that sell so many imported items?;f. Would;this tax policy have a better effect, worse effect, or no different effect on;American workers than the legislation banning the imports discussed in question;1? What kind of effect would the tax have on the Asian workers?;2.;In the ancient country of Roma, only two goods, spaghetti and meatballs, are;produced. There are two tribes in Roma, the Tivoli and the Frivoli. By;themselves, the Tivoli each month can produce either 30 pounds of spaghetti and;no meatballs, or 50 pounds of meatballs and no spaghetti, or any combination in;between. The Frivoli, by themselves, each month can produce 40 pounds of;spaghetti and no meatballs, or 30 pounds of meatballs and no spaghetti, or any;combination in between.;Examine;the first diagram showing the monthly production possibility frontier for the;Tivoli and the monthly production possibility frontier for the Frivoli.;a.;Which tribe has the comparative advantage in spaghetti production?;b.;Which tribe has the comparative advantage in meatball production?;In;A.D. 100 the Frivoli discover a new technique for making meatballs that doubles;the quantity of meatballs they can produce each month. Examine the new monthly production;possibility frontier for the Frivoli.;c.;After the innovation, which tribe now has an absolute advantage in producing;meatballs?;d.;Which tribe now has an absolute advantage in producing spaghetti?;e.;Which has the comparative advantage in meatball production?;f.;Which has the comparative advantage in spaghetti production?;3.;According to the U.S. Census Bureau, in July 2006 the United States exported;aircraft worth $1 billion to China and imported aircraft worth only $19,000;from China. During the same month, however, the United States imported $83;million worth of men?s trousers, slacks, and jeans from China but exported only;$8,000 worth of trousers, slacks, and jeans to China. Using what you have;learned about how trade is determined by comparative advantage, answer the;following questions.;a.;Which country has the comparative advantage in aircraft production? Which country has the comparative advantage;in production of trousers, slacks, and jeans?;b.;Can you determine which country has the absolute advantage in aircraft;production? which country has the absolute advantage in production of trousers;slacks, and jeans?;--------------------------------------------;References;Unit _2;Practice Assignment Grading Rubric;Content;Percent Possible;Points Possible;Full assignment;100%;40;Overall Writing;20%;8;correct coversheet information at the top of 1st page;5%;2;APA format for answers;3%;1;correct citations;3%;1;standard English no errors;4%;2;At least ONE, or more, references;5%;2;Answers: provides complete information demonstrating;analysis and critical thinking;80%;32;Individual Questions;1. a. - Which statements;are positive, which are normative?;7%;3;1. b. - Is the policy;consistent with the;7%;3;1. c. - Would;Americans be better, or worse off?;7%;3;1. d. - What would be;the impact on Asian workers?;5%;2;1. e. - What would;shoppers see, if import tax created?;7%;3;1. f. - Is tax better, or worse than ban?;7%;3;2. a. - Which has;comparative advantage in spaghetti?;5%;2;2. b. - Which has;comparative advantage in meatballs?;5%;2;2. c. - With;innovation who has absolute advantage in meatballs?;5%;2;2. d. - Who has;absolute advantage in spaghetti?;5%;2;2. e. - Who has;comparative advantage in meatballs?;5%;2;2.f. - Who has;comparative advantage in spaghetti?;5%;2;3. a. - Who has;comparative advantage in aircraft and clothes?;5%;2;3.b. - Who has;absolute advantage in aircraft and clothes?;5%;2


Paper#55965 | Written in 18-Jul-2015

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