ECO202 – Microeconomics

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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