As a consumer , describe your benefits regarding the availability of a wide rang

Question

As a consumer, describe your benefits regarding the availability of a wide range of low-cost, high-quality goods and services which are produced in other countries, such as, cell phones and flat-screen televisions.

As a voter, describe your concerns regarding international trade, such as the politics of free trade versus protection. Do you think tariffs or quotas should be imposed on imported goods to provide U.S. producers an “even playing field”? Before you advocate for tariffs and quotas think how other countries will retaliate.

Finally, as an employee, describe your concerns regarding the loss of U.S. jobs, since international trade spurs job offshoring, and it also provides freer access to U.S. markets by foreign producers.

Explanation / Answer

Ans: As a consumer, first of all, I will get goods and services at competitive price, i will also get an opportunity to choose from wide range of variety. If i am getting all of these from a technologically advanced country then i am surely getting goods and services of high technology which may or may not be available in my country.

As a voter, i would like to have a healthy international trade with other countries. Tariffs or quotas should be imposed for an even playing field specially to an infant industry which need it most. It encourages domestic production which stimulates the economy and the benefits of the high growth rate will spread to all sectors of the economy. But impose of tarrifs is not easy as it seems, the other (dealing) countries will also retaliate with even more stricter actions against my country which will hamper the growth of international trade.

As an employee, i will always have a fear of loss of my job due to job offshoring as producer will hire from where they get cheap labour or employees, if there is free trade with low wage country. but situation will be opposite if free trade is with high wage country.

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