Analyze the general impacts from international trade on the U.S. economy
Write a 1,050- to 1,400-word paper in which you perform the following:
Analyze the general impacts from international trade on the U.S. economy with respect to the following:
-Total GDP
– Inflation rate
– Unemployment Rate
– Consumers
– Business firms
– The government.
Highlight and discuss the major forms of trade restrictions that are generally available to the U. S. government. Furthermore, analyze the potential impacts from these restrictions on the following:
– Consumers- Business firms
– The U.S. government
– The world economy and the image of the U.S. as a leading member of the WTO.
Describe the main determinants of exchange rates in general. Furthermore, analyze the impacts from a stronger U.S. dollar on the following:
– The U.S. imports and exports of goods and services
– The unemployment and inflation rates in the U.S.
– The interest rates in the U.S.
– The U.S. Balance of Payments.
Use the following as references:
https://www.cbo.gov
http://www.federalreserve.gov
Colander, D. C. (2013). Economics (9th ed.). Boston, MA: McGraw-Hill/Irwin
