Canadian Automobile Sector?
Does it need to be protected in terms of international trade: absolute vs comparative advantage, tariffs and exchange rates?
- KevinStud99Lv 61 decade agoFavorite Answer
There is no Canadian automobile industry. The "Canadian" automobile industry is simply the U.S. automobile industry's outsourced factories. That being the case, the idea of protectionism is entirely pointless, but there is a comparative advantage in lower-cost Canadian labor making cars for the US market.
- psikeyhackrLv 41 decade ago
Can Canadians figure out that the laws of physics are the same in every country? Can they figure out that they don't change year to year? Do they know planned obsolescence has been going on in automobiles for decades?
An economics professor at the University of Calgary called me a LOONY.
Have Canadian economists been telling Canadians how much they have been losing on the depreciation of automobiles every year? There is all of this emphasis on JOBS and CASH FLOW but why buy stuff that is stupidly designed and depreciates rapidly?
Just because economists are too stupid to notice doesn't mean everyone is supposed to be dumber than economists.