Additional Application Prior to 2001 Canada Annually Exported Billions of Board Feet

question 114

Multiple Choice

Additional Application
Prior to 2001 Canada annually exported billions of board feet of lumber to the U.S.tariff-free.The two countries had followed an agreement in which there would be no restrictions on the lumber from Canadian companies.In March 2001 the agreement ended and in 2002 the U.S.imposed tariffs and duties on imported Canadian lumber.What were the effects of these changes and who gained and who lost?
The forestry workers of Canada were hurt.About 15,000 workers lost their jobs in British Columbia and many Canadian towns suffered from the loss of income from lumber sales and related industries.Exports to the U.S.fell from 14.7 billion board feet in 2000 to 20.9 million board feet in 2004.When the lumber prices rose in the U.S. ,the costs of production for home building firms increased.
The U.S.government has realized $3.5 billion from the tariffs and that is sitting in the Treasury awaiting resolution of legal disputes.Lumber companies in the U.S.have seen their prices rise with less competition.
James Thayer,"Soft Wood,Hard Dispute," The Weekly Standard,November 18,2005.Online
-According to this application about the U.S.imposing tariffs on lumber from Canada,the effects of the U.S.tariffs will ________ the price of lumber in the U.S.and ________ the quantity of imports from Canada.

• A)increase;decrease
• B)decrease;decrease
• C)increase;increase
• D)decrease;increase

Understand the calculation and application of duration in bond portfolio immunization and liability matching.

Recognize the limits and assumptions underlying duration and its modifications.

Apply duration analysis to practical scenarios involving interest rate changes and bond portfolio management.

Understand the roles and responsibilities within a buying center.

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Definitions:

Developmental Sequence

The chronological order of developmental milestones that individuals typically go through as they grow and mature.

Freud's

Pertaining to the theories of Sigmund Freud, which focus on psychoanalytic concepts of human behavior and personality development.

Psychoanalysis

A therapeutic approach and theory of psychology developed by Sigmund Freud emphasizing unconscious motives and conflicts.

Oral Psychosexual Stage

The first stage in Freud's psychosexual development theory, where an infant's pleasure centers on activities involving the mouth.