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Question:
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?
PLEASE ADD ALL THE POINTS IN THE ESSAY. PLEASE CITE WITH THE CORRECT
REFERENCES. THANK YOU.

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