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Please refer to the attached word document for the assignment.
Rubrics:
1. Explains a fixed exchange rate system.
2. Explains a floating exchange rate system.
3. Explains a pegged exchange rate system.
4. Explains the advantages and disadvantages of each of the exchange rate systems.
5. Determines the impact of furniture import from China on the components of the U.S. GDP.
6. Determines the increase or decrease of the GDP due to the import.
7. Explains whether there is a change if a U.S. company produces it in China.
8. Explains the effects of free trade on the U.S. economy and its long-run growth.
9. Explains impacts of free trade on domestic job creation policy.
10. Explains the roles of comparative advantages on U.S. exports and imports.
11. Explains the pros and cons of trade protectionism.
12. Explains the impacts of currency devaluation and revaluation on international trade.
13. Writing is focused, concise, and organized.
14. Articulates at a college level.
15. Few or no grammar or punctuation errors.
16. Uses non-offensive, inclusive, and respectful language.
17. Student is able to identify pros and cons of globalization/international trade, and evaluate the impact on the U.S. economy.
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