International Trade and Finance Speech

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 to the 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

 

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