Analysis of the purpose and unintended consequences of various economic policies.
Written in 1996; 2,428 words; 12 sources; MLA; $ 74.95
Paper Summary:
This paper examines various economic policies of the U.S. federal government. It deals specifically with monetary policy, antitrust policy, regulatory policy and import quotas--looking at what some of the government policies have been, why they were formulated and how well they have succeeded in producing their intended effects.
Outline
I. Monetary Policy
A. Federal Reserve
1. History
2. Purpose
3. Policy
4. Effects
II. Antitrust Policy
A. Purpose
B. Sherman Act
C. Federal Trade Commission Act
D. Clayton Act
E. Federal Trade Commission
F. Effects
III. Regulatory Policy
A. Purpose
B. Interstate Commerce Act
C. Interstate Commerce Commission
D. Effects
IV. Import Quotas
A. Purpose
B. International Trade Commission
C. Television Imports
D. Steel Imports
E. Effects
From the Paper:
"In 1977, in response to a petition filed with the ITC by the electronics industry, the U.S. set a quota on the number of television sets that could be imported from Japan (Canto 74). Although imported sets from Japan fell, imported sets from Taiwan and Korea rose to the point that total imports of televisions was unchanged; the U.S. response was to impose quotas on those countries as well (Canto 75). The net result was a negligible impact on the U.S. economy, because while imports of whole sets declined, imports of television parts rose sharply as foreign sets were assembled in the U.S. (Canto 77-80)."
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