Discussion:
Assume that you have been appointed as speech writers for the Speaker of the House. You must write a speech which the Speaker must deliver about the current state of the U.S. macroeconomic to a number of amateur reporters who are unfamiliar with economics.
Prepare a 150- to 250-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.