data response

Data response excercise-

1.  A. dumping-the flooding of a market, especially one in a foreign country, with cheaply priced merchandise

B. unemployment-the condition of having no job

2.

as the graph shows because of the tariffs the imports have decreased thus more wheels are being produced within the country.

3. demand deficit unemployment because the economuy has reached a stage of slow growth or negative growth thus consumers spnd less on goods and services. thus leading to increased unemployment

4.The consequences  on the chinese economy is taht the economy of china may have a slowing in economic growth becasue they are not able to sell their goods over seas. Thre is also a loss in world effeciency as the goods china could have sold to America are now not being sold but rather produced by less effecient domestic suppliers instead of chine supplier thus ending in a dead weight loss of welfare.