Question.2979 - Discussion Question 1: Are you for or against free trade? Are you for or against NAFTA? What is the economic basis for trade? Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource differences. What are some examples of goods that the U.S. has comparative advantage in producing? Take a look at the tag of the shirt/dress/pants you are wearing today. Where was it made? Anyone wearing “Made in America” items of clothing today? We sometimes hear people say “Buy American." Why don't we? What is the basis of international trade? What are the benefits and the costs? Under what conditions would you advocate for trade restrictions? Discussion Question 2: What is happening to the value of the U.S. dollar these days? What causes the value of the U.S. dollar to rise or fall? Who demands U.S. dollar? Who supplies U.S. dollar? When we purchase German products, does our demand for euro go up or down? What are freely floating exchange rates all about, and how do they work? How can the falling U.S. dollar impact your travel expenses? Why would a cheap dollar relative to other nations' currencies be good or bad for U.S. trade?
Answer Below:
Answer xxxx trade xx a xxxxxx where xxx Government xxxx not xxxxxxxxx It xxxx the xxxxxx mechanism xx operate xxxx it xxxx interfere xxxx the xxxxxxx or xxxxxxx According xx me xxxx trade xxxxxx be xxxxxxx with x few xxxxxxxxxxxxx in xxxxx when xxx economy xx being xxxxxxxx in x negative xxxxxx NAFTA xx an xxxxxxxxx between xxxxxx Mexico xxx US xxxxx most xx the xxxxx barriers xxxx be xxxxxxx and xxxxx will xx free xxxxx between xxxxx countries xxxx it xxxx motivate xxxx country xxx all xxx individuals xx each xxxxxxx to xxxxxxx the xxxx possible xxxxxxx at x competitive xxxxx and xxxxxxxx their xxxxx hold xx the xxxxxx The xxxxxxxx basis xx trade xx one xxxxxxxx goods xxxx are xxxxxxxxxxxxx cheaper xxxx the xxxxxx and xxxx those xxxxx that xxxx be xxxxxxxxxxxxx cheaper xxx him xxxx he xxxxxxxx it xxx has x comparative xxxxxxxxx in xxxxxxxxx Digital xxxxxxx as xx has xxx leading xxxxxxxxxx in xxxx case xxx basis xx International xxxxx is xx make xxxxxxx priced xxxxx available xx the xxxxx population xxxx of xxx people xxxxxxxx do xxx buy xxxxxxxx products xxxxxxx the xxxxxxxx of xxx same xxxxxxx are xxxxxxxxx at x cheaper xxxx Thus xxx consumers xx not xxxxxxxx in xxxxxx them xxxx though xxxx are xxx American xxxxxxxx There xxx only xxxxxxxx to xxxx system xx each xx countries xxxx be xxxxxxxxx to xxxxxxx goods xx which xx has x comparative xxxxxxxxx and xxxx it xxxx also xxxx to xxxxxxxxx distribution xx resources xxxxx restrictions xxxxxx be xxxxxxx only xx the xxxx trade xx affecting xxx economy xx a xxxxxxxx manner xxxxxxxxx Dunkley xxxxxx Free xxxxx Myths xxxxxxxxx and xxxxxxxxxxxx Answer xxx value xx dollar xxx been xxxxxxx as xxxxxxxx to xxxxx currency xxxxxx such xx Pounds xxx Euros xxx value xx dollar xxxx faces xxx same xxxxxxxxx of xxx markets xxx value xxxxxxx on xxx interplay xx the xxxxxx and xxxxxx forces xxxx nowadays xxx Federal xxxx has xxxxxxx a xxx of xxxxxxx leading xx excess xxxxxx of xxx currency xxxxx lowers xxx value xxx US xxxxxxx is xxxxxxxx by xxx citizens xx US xxx it xx supplied xx the xxxxxxx Bank xx US xxxx we xxxxxxxx German xxxxxxxx our xxxxxx for xxxx goes xx because xx will xxxx more xx Euros xx purchase xxxx of xxxxxx products xxx freely xxxxxxxx exchange xxxx changes xx accordance xx the xxxxxx pressures xxx Government xxx no xxxxxxx over xxx exchange xxxx and xxxx are xxxxxx market xxxxxxxxxx Thus xxx supply xxx demand xx various xxxxxxxxxx in xxx foreign xxxxxxxx market xxxxxxxxx the xxxxxx Floating xxxxxxxx Rate xxx falling xx dollars xxxx that xxx value xx Euro xxx become xxxx stronger xxxx it xxx previously xxxx people xxxx have xx shell xxx more xxxxxxx for xxx same xxxxxx of xxxx other xxxxxxxx which xxxx used xx pay xxxxxxxxxx A xxxxx dollar xxxxxxxx will xx good xx well xx bad xx the xxxxxxxx Economy xx the xxxxxxxx dollar xx cheap xxxx the xxxxxxxx goods xxxx be xxxxxxx available xx the xxxxxxxxxxxxx market xxx thus xxx exports xxxx increase xxxxxxx on xxx other xxxx the xxxxxxx of xx will xxxx dramatically xx the xxxxxxx goods xxxx be xxxx expensive xx the xxxxxxx scenario xx will xx bad xxx US xxx in xxx future xx it xxx produce xxxx of xxx products xx home xxxx this xxxxxxxx will xx a xxxxxxxxxx scenario xxxxxxxxx Dominguez xxxxxxx M xxxxxxx Jeffrey x Does xxxxxxx Exchange xxxxxxxxxxxx WorkMore Articles From Economics
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