Effects of Free Trade and Restrictions Essay Assignment

Effects of Free Trade and Restrictions Essay Assignment

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Effects of Free Trade and Restrictions Essay Assignment

 

 

The graph above shows the demand and supply of wrenches for the country of Spain.

If trade is avoided, Spain consumes _____ wrenches at a price of _____ per wrench.

With free trade, for a world price of $4 per wrench, Spain is producing _____wrenches.

With free trade, for a world price of $4 per wrench, Spain is consuming _______ wrenches.

With free trade, for a world price of $4 per wrench, Spain is importing _________wrenches.

If the world price is $4 per wrench, and the government of Spain imposes a tariff of $2, Spain produces ____________ and imports __________wrenches.

If the world price is $4 per wrench, and the government of Spain imposes a tariff of $2, how much tariff revenue will the Spain’s government collect?_____

Plastic Pipes Are in High Demand and Supply in The Market Discussion

Using the product or service that you have selected , respond to all of the below prompts:

Is it an inferior, normal, or luxury product, or service?

What are its substitutes and complements, if any?

In what ways does your product or service provide utility to your customers?

Name one strong utility feature and one weak utility feature of the product or service.

As described in the lecture, discuss one factor that has shifted demand OR supply of your product or service within the last year.

RUBRIC
Excellent Quality 95-100%	Introduction 45-41 points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.		Literature Support 91-84  points The background and significance of the problem and a clear statement of the research purpose is provided. The search history is mentioned.			Methodology 58-53 points Content is well-organized with headings for each slide and bulleted lists to group related material as needed. Use of font, color, graphics, effects, etc. to enhance readability and presentation content is excellent. Length requirements of 10 slides/pages or less is met.
Average Score 50-85%	40-38 points More depth/detail for the background and significance is needed, or the research detail is not clear. No search history information is provided.		83-76  points Review of relevant theoretical literature is evident, but there is little integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are included. Summary of information presented is included. Conclusion may not contain a biblical integration.			52-49  points Content is somewhat organized, but no structure is apparent. The use of font, color, graphics, effects, etc. is occasionally detracting to the presentation content. Length requirements may not be met.
Poor Quality 0-45%	37-1 points The background and/or significance are missing. No search history information is provided.		75-1 points Review of relevant theoretical literature is evident, but there is no integration of studies into concepts related to problem. Review is partially focused and organized. Supporting and opposing research are not included in the summary of information presented. Conclusion does not contain a biblical integration.			48-1 points There is no clear or logical organizational structure. No logical sequence is apparent. The use of font, color, graphics, effects etc. is often detracting to the presentation content. Length requirements may not be met
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