Suppose That Elimination of Tariffs on Agricultural Products Means That

question 63

Essay

Suppose that elimination of tariffs on agricultural products means that 1,000 farm workers lose jobs that pay an average of $20,000 per year.At the same time,because of the importation of relatively cheaper foreign vegetables,150 million consumers save $2 per year on their grocery bills.
a.What is the total income lost by farm workers because of the free trade
b.What is the total dollar amount saved by all consumers combined
c.Which is greater,the lost income or the consumer savings? Do the benefits of free trade outweigh the costs in this simple example
d.Which group is most likely to become politically involved over the issue of removing the tariffs,the farm workers or the consumers? Wh

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Definitions:

Psychodynamic Therapies

A group of therapies that focus on unconscious processes as they are manifested in a person's present behavior, aiming to reveal the inner conflicts affecting the psyche.

Behavior Therapies

A type of psychotherapy that focuses on modifying problematic behaviors through reinforcement strategies and conditioning.

Social Interaction

The process through which individuals act and react in relation to others, fostering communication and relationship development.

Psychodynamic Therapy

A form of depth psychology, its primary focus is to reveal the unconscious content of a client's psyche in an effort to alleviate psychic tension.