Assume that you have been appointed as the Speaker of the House. You must deliver a speech about the current state of the U.S. macroeconomy to a number of amateur reporters who are unfamiliar with economics.
Prepare a 750- to 1,050-word speech in simple terms and concepts that focus on international trade and foreign exchange rates.
Integrate a summary of your answers tothe following questions and cite external research to further justify your facts:
• What happens when there is a surplus of imports brought into the U.S.? Cite a specific example of a product with an import surplus, and the impact that has on the U.S. businesses and consumers involved.
• What are the effects of international trade to GDP, domestic markets and university students?
• How do government choices in regards to tariffs and quotas affect international relations and trade?
• What are foreign exchange rates? How are they determined?
• Why doesn’t the U.S. simply restrict all goods coming in from China? Why can’t the U.S. just minimize the amount of imports coming in from all other countries?
Eco 372 week 5 individual international trade and finance speech
1. ECO 372 Week 5 IndividualInternational Trade and
Finance Speech
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Assume that you have been appointed as the Speaker
of the House. You must deliver a speech about the
current state of the U.S. macroeconomy to a number of
amateur reporters who are unfamiliar with economics.
Prepare a 750- to 1,050-word speech in simple terms
and concepts that focus on international trade and
foreign exchange rates.
Integrate a summary of your answers tothe following
questions and cite external research to further justify
your facts:
What happens when there is a surplus of imports
brought into the U.S.? Cite a specific example of a
product with an import surplus, and the impact that
has on the U.S. businesses and consumers involved.
What are the effects of international trade to GDP,
domestic markets and university students?
How do government choices in regards to tariffs and
quotas affect international relations and trade?
What are foreign exchange rates? How are they
determined?
2. Why doesn’t the U.S. simply restrict all goods coming
in from China? Why can’t the U.S. just minimize the
amount of imports coming in from all other countries?
