Reference no: EM13358274 , Length: 600 words
Question 1 of 2 :
Exchange Rates
Introduction:
Suppose the U.S. federal government adopts the policy of "What's good for General Motors is good for the country." To this end, the government decides to prohibit the import of all motor vehicles from other countries.
Tasks:
• Assuming other countries do not change their own trade policies, what would be the impact on the value of the dollar relative to other currencies?
• What would be the effect on the quantity of other items imported?
• What would be the effect on the jobs in U.S. industries that did not participate in the making of autos?
Deliverables and Format:
Submit answers in a minimum of 100 words in a Microsoft Word document.
Font: Arial; 12
Line Spacing: Double
Question 2 of 2 :
Tasks: Use the CIA Factbook at https://www.cia.gov/library/publications/the-world-factbook/index.html to find information about GDP per capita, technology, growth, and the nature of government in the United States.
• Use the same source to find that information for another country of your choice.
• Write a summary of how the United States and the other country differ.
• Which of the two countries has better prospects for the future and why? Provide a reasoned opinion.
Deliverables and Format:
Submit your paper in a Microsoft Word document in not more than 400 words, in the following format:
1. Introduction
2. Main body of the text
3. Summary and conclusions
4. References
Font: Arial; 12
Line Spacing: Double