Assume that you been appointed as speech writer for the Speaker of the House. Write a speech to deliver about the current state of the U.S. macroeconomy to a number of amateur reporters who are unfamiliar with economics.
Prepare 200 -300 words with terms and concepts that focus on international trade and foreign exchange rates.
Integrate a summary of your answers to the following questions:
What happens when there is a surplus of imports brought into the U.S.? Cite a specific example of a product with an import surplus, and the impact that has on the U.S. businesses and consumers involved.