ECO202 – Microeconomics

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Due: Sunday by 11:59 pm at the end of Unit 8.
International Trade
Think of the importance of trade in your life. Look simply at what you’re wearing today.
When you shop, do you look for the “Made in the USA” label? Perhaps you believe we
might be better off as a nation economically if we produced more goods in the attempt
to become more self-supportive. Perhaps you believe we should increase the amount
of goods traded internationally. Opinions and speculation vary as much as the number
of economists that predict economic climate. Having said this, as a nation, simply put,
we trade. And with that activity come many rules and regulations to try and ensure our
best interests are protected. Based on this;
1. How is international trade regulated? Log on to www.wto.org and click the “Trade Topics”
tab to learn about the scope of trade agreements and trade controversies. What is involved
in “trade agreements”?
2. Log on to www.bea.gov and view the “International” tab, then “Trade in Goods and
Services.” What is the current balance of trade for the United States? Has this balance been
increasing or decreasing? Based on the current economic conditions, how do you thing this
balance will move in the near future, and why?
Your final product will be a paper that:
 Addresses each of the four questions above in total.
 Is APA formatted.
 The body is to be 2 pages minimum.
The requirements for your assignment are:
1. Answer each question fully
2. Define the overall subject of each question.
3. Cite at least three (3) resources from this week’s materials.
ECO202 – Microeconomics
Unit 8 Assignment: International Trade
Students: Be sure to read the criteria and review the grading rubric on the next
page, by which your paper/project will be evaluated, before you write, and again
after you write.
Evaluation Rubric for Unit 8 Assignment
CRITERIA Deficient Proficient Exemplary Points
Earne
d
Overview of
the Topic
0-13 Points
Does not provide
an adequate
overview or is
missing.
14-27 Points
Overview is
presented,
though may not
be clear or
complete.
28-40 Points
Overview is
clearly presented
including all
criteria outlined
above.
Complet
e
Answers
0-11 Points
Questions
unanswered
and/or
poorly answered.
12-23 Points
All questions
answered with
1-2 sentence
inputs.
24-35 Points
All questions
answered with
depth and clarity.
References to
Course Materials
0-5 Points
Less than 3
references, no
assimilation to
the questions.
6-10 Points
3 references,
minimal
assimilation to
the questions.
11-15 Points
4 or more
references and
assimilations
show depth and
clarity.
APA Format 0-1 Point
Format has errors
that impede
professional
presentation;
and/or APA not
followed,
reference page
missing.
2-3 Points
APA format and
reference page
has few errors
that do not
impede
professional
presentation.
4-5 Points
APA format and
reference page
is clear,
professional, and
error free.
Writing Quality 0-1 Point
More than 7
writing errors, to
include spelling
and
2-3 Points
More than 4
writing errors, to
include spelling
and
4-5 Points
No writing errors.

 
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International Trade

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uestion Description

Discussion Question!!!!!!
International Trade
Make a case for and against an establishment of a Free Trade Area of the Americas (FTAA) between the U.S. and Canada.

  • What are possible effects of such an agreement on North American businesses, North American consumers, and other nations?
  • Are there any impediments to integration between the U.S. and Canada?
  • How might the establishment of the FTAA impact the strategy of North American businesses?

Click here to watch IMF video, “IMF Outlook for Korea.” After watching the video, answer these questions:
http://www.imf.org/external/mmedia/view.aspx?vid=1094390694001

  • What is the IMF’s overall outlook for Korea?
  • What impact will the condition of the global economy have on the country?
  • What are the domestic risks facing Korea?
  • What actions should the Korean government take?
Please provide assignment in APA guidelines with references used.
Thanks
 
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Supply chain

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Question Description

Instruction
The UK voted to leave the European Union (EU) in June 2016. The departure of the UK from the EU is known as Brexit. While there is a lot of political discussion around Brexit, I’m more interested in what it means for procurement. Take some time to read about Brexit online. You may need to read about the EU as well. Use the below link to read further about Brexit and garner some ideas. Please provide the links to your sources when you submit your assignment. https://www.cips.org/en/knowledge/procurement-topi… Careful not to plagiarize! Submit at least 2 pages double-spaced and discuss the below questions and includes topics that we’ve touched on in chapters 1-7. While I’m not giving you a formal framework to work within, please be professional and conscious of grammar and spelling. -How does Brexit affect international trade and procurement? -How does Brexit affect supply management in the UK? Outside the UK? -Which areas of supply chain are affected by needing to find new sources/suppliers? How are they affected?
 
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President Trump Interesting Tweets Analysis

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Question Description

Decipher any of the presidents’ tweets which you find interesting as long as it pertains to the theme of nations, cultures, or territorial disputes.
Example:
Trump tweets (21 Mar 14), “I believe Putin will continue to re-build the Russian Empire. He has zero respect for Obama or the U.S.!” It can be found through CNN’s link: Link (Links to an external site.)Links to an external site.
It is evident that everyone knows that Trump and Putin are” best buddies” through the news, media, etc but Trump’s attitude towards Putin and Russia weren’t always positive. In fact, he admits to “Fox and Friends” from 2014 that Russia is a big problem for the US. It’s kind of hypocritical and you can see that Trump has two faces (probably a face under his troll doll wig?)
2nd Example
The tweet I found interesting by President Trump is:
“Too bad that the European Union is being so tough on the United Kingdom and Brexit. The E.U. is likewise a brutal trading partner with the United States, which will change. Sometimes in life you have to let people breathe before it all comes back to bite you!” (10 April, 2019, https://twitter.com/realdonaldtrump/status/1116172224459882496 (Links to an external site.)Links to an external site.)
This tweet is interesting because it shows President Trump’s phobia of international free trade, and also shows his interest in breaking up the European Union. By succeeding in doing so (something which would never realistically happen), the U.S. would be the leading power in commerce. The U.S. would lose rivals if you break Europe into pieces, another benefit.
This tweet also shows Trump’s satisfaction with the UK’s Brexit situation, because Brexit left the UK and the EU very weak (again, more beneficial for US commerce). This completely contrasts with Obama’s policies, which were always pushing for free trade between the EU and the U.S. because it was profitable for both parties. Trump believes that international free trade is bad for the U.S. economy, and thus, is opposed to it.
Trump’s determination for improving American interests is okay, as any leader of any country would wish to do, but when you are the president of the first occidental power, you can’t do that, and Trump’s tactic for strengthening U.S. commerce is more detrimental than beneficial.
 
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