Global Awareness Questions Spring 2019 - Alison Kirk.docx - Jacksonville University Davis College of Business ECON 535\/EMBA Spring 2019 Global Awareness

Global Awareness Questions Spring 2019 - Alison Kirk.docx -...

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Jacksonville University Davis College of Business ECON 535/EMBA Spring 2019 Name: ___Alison Kirk_____ Global Awareness Questions (40 points) (Please Print) Dr. H. Pordeli Grade:_______________ Please read the essay on “The U.S. in the Global Economy” and answer the following 4 questions. Identify your answers clearly by using the numbers preceding the questions. 1. How important is international trade to the U.S. economy? If the European euro were to increase in value (appreciate) in the foreign exchange market, would it be easier or harder for the French to sell their wine in the United States? Suppose you were planning a trip to Paris. How would appreciation of the euro change the dollar cost of your trip? Explain. International trade is very important to the U.S. economy. There are many products that we completely rely on imports to have. Such as coffee, tin, and bananas. On the opposite side, there are industries that need the exports to make a profit. Agriculture is a big one as with rice, wheat, and tobacco.
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