Kevin

In: Business and Management

Submitted By kbreed12
Words 351
Pages 2
China is a country that has a comparative advantage over many other countries in producing rice. In China there are probably twice as many rice fields compared to other countries. This is good for them and t because U.S. because they can produce large amounts of rice and sell it cheaper than what it would cost us to produce it. Both sides are profiting from the trade.

There are many positives and negatives to outsourcing labor to other countries. The biggest positive is that its cheaper labor for companies. The other big positive is most people like paying cheaper prices and by outsourcing it costs less to produce so you can sell it cheaper also. The biggest negative obviously is that jobs are taken away from people in America. The other negative which doesn’t necessarily affect the business but most other countries don’t have child labor laws and people are paid practically nothing. The mainn reason Walmart would be against trade restrictions is because the money they lose out on by not expanding to these other countries. They would also lose out on charging cheaper labor in these other countries. Next would be cost of production, it costs less to produce things in other countries plus they would have to ship orders and pay an import tax. The other reason could be the taxes or tariffs that they have to pay. I believe ethics are very important to how you live your life. Some of the most important things to me are integrity, honesty, being responsible and treating others fairly. An ethical dilemma is a complex situation that involves a conflict between different morals. An ethical dilemma could be covering for a buddy who is cheating on his wife/girlfriend. Another could be serving alcohol to a pregnant woman. I believe going green is good for business, it helps cut down on some cost by reusing certain materials it helps the environment by reducing the…...

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