Is there any dental clinic programs in the US?

Rick Politician 873454/12/2007 I BUS 300 Chapter 5 Homework a. Local Content Requirements - This trade barrier requires that a certain percent of a product's parts be made locally. This percent can either be determined by physical number of components or the percent of the product's total value. Local producers benefit from this requirements since it reduces foreign competition. Foreign companies must hire local producers to make a certain amount of the components for the products. This may raise the foreign producers' costs, but without the local components, thee foreign companies could not sell in the local market at all. The local consumers and the foreign companies are at a disadvantage due to the requirement. The price of the products increases as local companies add local components. This higher price stands as added costs for the consumer, which means they have to consume less. In addition, since the price of the foreign products increases, the products become less competitive. That means the foreign companies will sell less product and experience less profits. Brazil, Trade Barrier- The Brazilian government enforces an administrative policy that requires foreign companies that sell medical products to begin local operations in Brazil before these companies can sell their products within Brazil's borders. The companies must also work through local agents to provide all the technical information to the Brazilian government about each product. All information about the products that consumers need to know must be translated in Portuguese for the consumers. Registering the products can take up to year, even though products can be sold three months after the registration application is filed. The company will assume all the risk of product liability if the Brazilian government finds the product unsafe. b. The first option could involve the U.S. adhering to the WTO's decision by changing their tax code. Since the U.S. seems to resist the decisions, they could instead offer reparations to the EU as long as the tax code is in place. These reparations could take the form of financial payments or a decrease of American tariffs on EU goods. Unfortunately, any reparations that would keep the FSC beneficiaries happy would hurt other U.S. businesses and taxpayers. The U.S. could shift the corporate income tax into a form that the WTO would see it as an indirect tax. This would allow the U.S. government to offer benefits to the same companies that presently benefit from the FSC. Another option would be for the WTO itself could change the rules that delineate between a direct and indirect tax. Creating economic growth for all involved countries is the goal of the WTO. Since there is no economic difference between a direct and indirect tax, the WTO would not be hurting the long run economic growth of the WTO member countries. Lastly, the WTO could change the corporate income tax law. Although this may seem like a big change in policy, avoiding a trade war would probably save trillions.