What is the role of business in a global economy

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1. What is the role of business in a global economy? How does international business impact the US economy? Explain and use specific examples when appropriate.

2. How do entrepreneurs, manufacturers, and governments decide what is available to trade with other nations? Explain and discuss.

3. What are the differences between domestic and world trade? What are the similarities? Compare and contrast domestic trade and world trade, explaining the similarities and differences between the two.

4. How do imports affect the US economy? How do exports impact the US economy? Does the impact an import or export has on the US economy differ based on the specific type of import or export? Explain.

5. What are some of the benefits and drawbacks of protectionism? Analyze and critique some of the most recent instances of protectionism by the US government and past and current presidents, including tariffs.

Reference no: EM133032027

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