Eco 372 International Trade Research Paper
International Trade and Finance
ECO/372
November 24, 2012
Carol Szerszen The purpose of this paper is to prepare a speech that will be provided to a number of reporters that are not well versed with economics. In this paper I will talk about international trade and foreign exchange rates and how those affect the GDP, domestic markets, and students. I will also outline some of the benefits on goods and services that are imported from other countries and how those contribute to our economy in the United States.
Imports Brought to the United States When the US has a surplus of imports it affects the companies in the US that make the same product. A study sponsored by the solar power industry has concluded that the United …show more content…
The big question is how do government choices in regards to tariffs and quotas affect international relations and trade? First and foremost it is important to understand that tariffs and quotas are in place to encourage the government to make choices on how much quantity they will agree to have imported and exported and additionally the amount of taxes that will be collected in order to avoid discarding of those goods or services. Foreign investors are encourages to play a role in international trade by having exchange rates in place. There are also government policies in place that aid to avert certain goods and services from entering our country. In essence the main objective of the government and the choices that they make regarding tariffs and quotas is to do what is best for our economy to keep it stable and …show more content…
does not simply restrict all goods coming in from China, as an example? Why can’t the U.S. just minimize the amount of imports coming in from all other countries as well? It is difficult to restrict imports from other countries particularly in the U.S where there is a large group of consumers who are demanding goods and services from other countries. In order to satisfy the demands of people who want these goods or services from other countries the government allows for this easy trading and does earn revenue from duties and taxes on these imports. This helps to boost our own countries economy. Conclusion With ending this speech I believe that all of the amateur reporting staff should now be aware of the United States macro economy and have a general knowledge of the different issues and events that take place within our macro economy. It is important to know all aspects of the economy that include different choices the government makes as well as international trade and how the two coincide with each other. Also knowing this information also shows you how it affects different members of society as well as other businesses and entities that make up the
ECO/372
November 24, 2012
Carol Szerszen The purpose of this paper is to prepare a speech that will be provided to a number of reporters that are not well versed with economics. In this paper I will talk about international trade and foreign exchange rates and how those affect the GDP, domestic markets, and students. I will also outline some of the benefits on goods and services that are imported from other countries and how those contribute to our economy in the United States.
Imports Brought to the United States When the US has a surplus of imports it affects the companies in the US that make the same product. A study sponsored by the solar power industry has concluded that the United …show more content…
The big question is how do government choices in regards to tariffs and quotas affect international relations and trade? First and foremost it is important to understand that tariffs and quotas are in place to encourage the government to make choices on how much quantity they will agree to have imported and exported and additionally the amount of taxes that will be collected in order to avoid discarding of those goods or services. Foreign investors are encourages to play a role in international trade by having exchange rates in place. There are also government policies in place that aid to avert certain goods and services from entering our country. In essence the main objective of the government and the choices that they make regarding tariffs and quotas is to do what is best for our economy to keep it stable and …show more content…
does not simply restrict all goods coming in from China, as an example? Why can’t the U.S. just minimize the amount of imports coming in from all other countries as well? It is difficult to restrict imports from other countries particularly in the U.S where there is a large group of consumers who are demanding goods and services from other countries. In order to satisfy the demands of people who want these goods or services from other countries the government allows for this easy trading and does earn revenue from duties and taxes on these imports. This helps to boost our own countries economy. Conclusion With ending this speech I believe that all of the amateur reporting staff should now be aware of the United States macro economy and have a general knowledge of the different issues and events that take place within our macro economy. It is important to know all aspects of the economy that include different choices the government makes as well as international trade and how the two coincide with each other. Also knowing this information also shows you how it affects different members of society as well as other businesses and entities that make up the