International Trade and Finance Speech


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 word speech in simple terms and concepts that focus on international trade and foreign exchange rates.




Integrate  a summary of your answers tothe 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?


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