What happens when there is a surplus of imports brought into

Reference no: EM13245600

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?

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?

Reference no: EM13245600

Questions Cloud

Do you think business cycles would exist, or be as severe : Do you think business cycles would exist, or be as severe, if these economic statistics were not reported on a regular basis or at all? Why or why not?

Is us having trade deficits or trade surplus with canada : Is U.S. having trade deficits or trade surplus with Canada and Mexico Remember U.S. imports oil from both countries. Is U.S. demanding for more oil during the recession

What is the primary function of banks in the macro economy : What is the primary function of banks in the macro economy? How do banks facilitate the circular flow?

Explain column chromatography using a silica as a solvent : When doing column chromatography using a silica as a solvent. got two bands when separating blue dextran...but unfortunately cannot remember the colors of those bands

What happens when there is a surplus of imports brought into : 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 were the horizontal and vertical forces acting on heel : A track athlete running at fast pace had an instantaneous resultant force of 2800 N acting through the heel during heel strike, what were the horizontal and vertical forces acting on the heel

What were taxicab driver assuming about elasticity of demand : Taxicab fares in most cities are regulated. Several years ago taxicab drivers in Boston obtained permission to raise their fares 10 percent, and they anticipated that revenues would increase by about 10 percent as a result.

Calculate the terminal voltage for a battery : Calculate the terminal voltage for a battery with an internal resistance of 0.650? and an emf of 8.00V when the battery is connected in series with an 98.0?? resistor

How much of total demand do the follower firms supply : TAlchem (L) is the price leader in the polyglue market. All 10 othe manufacturers (followers) (F) firms sell polyglue at the same price as Alchem

User Account

All Pages