International Trade Speech:
Project description
Assume that the team has been appointed as speech writers for the Speaker of the House. The team must write a speech which the Speaker must deliver about the current state of the U.S. macroeconomy to a number of amateur reporters who are unfamiliar with economics.
Prepare a 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?