This reflection activity is comprised of two sections collectively totaling a minimum of 500 words. Complete your reflections by responding to all prompts. Exchange Across International Borders The success of an economy in effectively employing the four factors of production determines how well that economy performs relative to its potential and relative to other economies. Address the following: Evaluate non-monetary benefits that open trade has contributed to the world since the end of World War II. Provide at least 2 examples of the above benefits, and explain why you believe each is important. Analyze how changes to U.S. trade and tariff policies affected U.S. trade with other nations.


This reflection activity is comprised of two sections collectively totaling a minimum of 500 words. Complete your reflections by responding to all prompts.

Exchange Across International Borders

The success of an economy in effectively employing the four factors of production determines how well that economy performs relative to its potential and relative to other economies.

Address the following:

Evaluate non-monetary benefits that open trade has contributed to the world since the end of World War II.

Provide at least 2 examples of the above benefits, and explain why you believe each is important.

Analyze how changes to U.S. trade and tariff policies affected U.S. trade with other nations.

Support your responses with recent (less than 2 years old) credible news sources.

The Global Role of the US Economy

Consider that some politicians, labor unions, and special interest groups argue that U.S. trade deficits are harmful to the economy, and nations that run large trade surpluses with the United States are benefiting from unfair trade practices and agreements. These parties support increasing tariffs on imports and eliminating or rewriting trade agreements.

Analyze 2 credible economists’ opinions on the effects of 2 of the following factors with respect to the total U.S. trade balance. Find 1 economist who is less concerned about trade deficits, who thinks they are less important, or that they mean something else is good (U.S. consumers have more disposable income for example). Then, find another economist who is more concerned (he or she may see a trade deficit as having adverse employment effects, for example). Weigh in their different perspectives, and state whether you agree or disagree with their assertions, providing the logic behind your thinking. The factors to analyze include:

Tariffs

Changing trade agreements

Manipulating exchange rates

Submit your reflection.

Private and Confidential

Yours all information is private and confidential; it is not shared with any other party. So, no one will know that you have taken help for your Academic paper from us.



This essay is written by:

Prof. Amanda Verified writer

Finished papers: 435

Proficient in:

English, History, Business and Entrepreneurship, Nursing, Psychology, Management

You can get writing help to write an essay on these topics
100% plagiarism-free

Hire This Writer
© 2017 theacademicessays. All Rights Reserved. Design & Developed by theacademicessays.

Ask Your Homework Today!

We have over 1000 academic writers ready and waiting to help you achieve academic success

CLICK HERE TO GET ORIGINAL ANSWERS FROM WRITERS

WhatsApp
Hello! Need help with your assignments?
Loading...