ECO 372 Week 5 International Trade

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 8-10slide PPT for your speech and describe in simple terms and concepts that focus on international trade and foreign exchange rates.

Integrate within 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?

Include a minimum of 3 peer reviewed sources not including your text and use the notes sections to elaborate on your points and include as one slide your references.

.Click the Assignment Files tab to submit your assignment.

SupportingMaterial:Suggested Resources: Forecast DataSuggested Resources: Historical DataDeficit and Debt Presentation Grading Guide