Tarrifs and Trade Essay Example | Topics and Well Written Essays - 500 words

Tarrifs and Trade - Essay Example Thus, the overall effect of a tariff implemented by a small nation must reduce the national welfare (Nunn & Trefler, 2010). Thus, whenever a small country will implement the tariff, the national welfare is bound to fall, and the higher the tariff will be set, the more the loss will be experienced and consumers will lose as government recipients and producers spending gain. In a large country, consumers of the good suffer from the price increase, as the producers will experience a well-being increase from the tariff. Thus, the tariff net effect is composed of three major results that are a negative distortion in production, positive trade effect terms as well as a negative consumption distortion. Thus, there are both positive and negative elements as the effect can be either negative or positive. However, the overall result is that it can be positive implying that a tariff that is implemented by a large nation may increase the national welfare (Debaere & Mostashari, 2010). Unlike quotas, tariffs are important as they generate the government some revenue. The US according to statistics collects over 20 billion a year from revenue from tariff that could be lost with quotas (Motoshige Itoh & Yoshiyasu Ono, 1982). Another reason is that quotas may result in administrative corruption. Tariffs provide customs officials with authority and power providing access to favored organizations and denying the lesser-favored ones as opposed to import quotas. Moreover, import quotas have a high probability of causing smuggling especially when set at unreasonable values (Grant, Hertel, & Rutherford, 2009). A strong dollar is good while, on the other hand, weak is bad. As the generalization sounds simple, it is very different and confusing when it comes to the dollar. A strong dollar is very strong when compared to other foreign currency, and the vice-versa is

Climate change and food security Assignment Example | Topics and Well Written Essays - 1000 words

Climate change and food security - Assignment Example . Wheat bread, peanut butter, fruit juice, and raisin beverage made up my breakfast I feared consumption of chemical components from the foods processing processes and threats of genetic engineering that I believe can interfere with my genome. Even though my snack for the day was orange fruit, there was still the fear of possible genetic engineering in the fruits’ development. Wheat bread, chicken stew, potatoes, milk, and green grams were the other consumptions of day one and even though I perceived no alternative for safe consumption, I feared the foods’ safety levels. Calorie level in the consumption was another concern and I decided to research on calorie characteristics of my food components for minimization. Consumptions in the second also consisted, predominantly, of natural foods with uncontrollable food safety concerns. Oatmeal, raisins, beef, rice, milk, and fruits were the major components with threats of genetic engineering and, though limited, the amount of chemicals that could have been applied in their processing and temporary preservation. I however ensured reduced levels of calories intake through restricting volumes of consumption per food type. Bran flakes, potatoes soup, beef, and rice formed the major component of my third day food intake with other natural foods like milk and fruits. While these retained my fears of direct chemical contamination together with adverse effects of biological engineering on the foods’ sources, processed foods were also identifiable to increase my worries on the day’s intake.... irect chemical contamination together with adverse effects of biological engineering on the foods’ sources, processed foods were also identifiable to increase my worries on the day’s intake. Jelly, margarine, and sugar-enriched lemonade are the major examples of processed components of the day’s consumption. Consumptions in day four was more conscious of processed food and observed calories levels through nutrient information and quantity of each of the consumed food type. The day’s consumption was a revised diet set from day one’s consumption for better safety level and I believe the reduced calories level consumption achieved this. Intakes in the remaining three days alternated between the major components of the types of foods in the first four days and my general opinion on my food choices is that however much we try to select safe food products; our choices are limited by available products and developed preferences. Food safety therefore remai ns a major concern and political forces, instead of individual power through money, should ensure safety. This is because such money power at consumer level is decentralized and ineffective. Reflection Food safety consciousness, especially after watching the Food Inc film, motivated me to research on sources of available food products and observed safety standards by different food processors. Available information from internet sources has for example informed of the different sources of my food, geographical locations of sources of natural supplies, and manufacturers of processed supplies. I am also aware of distribution channels of major foods among my consumables and possible activities at each level of the channels. Similarly, I am also informed of regulatory strategies and regulatory agencies over the food