Please answer both and get like and no answer from Chat GPTHand written solutions are strictly prohibited Please, answer the following questions after reading thearticle:1. Discuss the importance of trade to economicprosperity. How has globalization and trade changed theeconomic landscape in Tennessee?2. The Mayor of Chattanooga Tennessee has stated thatwhen it comes to the United States and China, it isimportant not to fight just to fight, but instead focus onpractical solutions. What does he mean by this? Do youagree? Explain your response.Please no recyclable answers.Article:U.S. farmers fear Chinese tariffs will hit their exportswill Hutchinson 's family have been farming in Nashvillesince 1932 thanks to a favorable climate problemsremained Remains steady what has changed are theircustomers we probably export 80% to 90% of totalsoybean production and probably half of that even goesto China so so those trade relations are pretty vital theHutchinson's don't usually pay much attention to politicsbut after China announced it would slap a 25% levy onsoybean imports grain growers have been glued to thenews hoping for a thaw in relations between Washingtonand Beijing we we're really studying the markets closewe don't need any any more pressure on this commodityprices that we're already working with margins are astight now as they've been in an extremely long time andwe're farmers all across the country are looking for somerelief thanks to international trade Tennessee economyhas been booming unemployment here is falling fasterthan in the rest of the US an investment is flooding infrom the state which voted enthusiastically for DonaldTrump is now in danger of being caught in the crosshairsof his trade war protect is a local success story thecompany specialist machines of assembled internally inthe city of Chattanooga are sought after around theworld that Donald Trump steel tariffs are alreadythrowing a spanner in the works by restricting the firmsupply chain pretty much everything on the machinewhether it's the engine track assemblies those are allmade out of steel right now we're looking at a ground of40% increase in our steel costs for what we mostcommonly buy Even so the firm shares some of thetrump administration's grievances particularly when itcomes to protecting U.S. companies from unfair Chinesecompetition Chinese manufacturers moving into the USis a challenge for us and you have the intellectualproperty issue as well if the long play sort of works out itcould be good for us in some cases we really don't knowwhat it's going to mean yeah a former industrial hubChattanooga was once dubbed the dirtiest city inAmerica but it fought hard to recover its manufacturingbase and has managed to attract the likes of Volkswagenand Amazon the mayor is hoping decisions made in theWhite House don't reverse the city's fortunes there are alot of things going right in our community we have oneof the highest wage growth in the country for a mid-sizecity our unemployment is low we don't need to fight justto fight we need to find those practical solutions thathelp chat look at the Hutchinson's farm the focus is ongetting this year's crop in the ground that they alongwith exporters across the state you know it could be thepresident will decide the fate of their harvest Joe MillerBBC News Tennessee.SubjectEconomicsSub-subjectSearch And

The international trade can be defined as the exchange of the goods and services across the borders…

Please, answer the following questions after reading the article: 1. Discuss the importance of trade to economic prosperity. How has globalization and trade changed the economic landscape in Tennessee? 2. The Mayor of Chattanooga Tennessee has stated that when it comes to the United States and China, it is important not to fight just to fight, but instead focus on practical solutions. What does he mean by this? Do you agree? Explain your response.

Please, answer the following questions after reading the article: 1. Discuss the importance of trade to economic prosperity. How has globalization and trade changed the economic landscape in Tennessee? 2. The Mayor of Chattanooga Tennessee has stated that when it comes to the United States and China, it is important not to fight just to fight, but instead focus on practical solutions. What does he mean by this? Do you agree? Explain your response.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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