Good evening ladies and gentlemen:
Today I will be speaking to you about international trade and foreign exchange rates. Throughout history, there have been many market structures and systems, as well as trade amongst international countries and colonies. As all of you already know, imports can be brought in from many countries. During the process, the government will usually set a price ceiling and price floor for producers to protect them as a whole. For example, if there are farmers importing tomatoes from multiple countries into the United States, there will be a surplus. There is a surplus when the supply of the imported goods is greater than the demand. As a result, a country export and import levels should be controlled by government policies. If there were no trade regulations applied to imports, the surplus may turns into deficit, negative affecting farmers who will lose money because of the decrease on the Gross Domestic Product.
The Gross Domestic Product or GDP is the total amount of goods and prices a country produces in a one year span. International trade influences the GDP by expanding our markets with the imports of goods and services that are not available here to us. Some of these goods and services...