KAPLAN BU224 UNIT 2 assignment

BU224 Unit 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?

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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.

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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