ecom

ECO2 02 – M icroeconomics Unit 8 Assignment: International Trade Due: Sunday by 11:59 pm at the end of Unit 8. International Trade Think of the importance of trade in your life. Look simply at what you’re wearing today. When you shop, do you look for the “Made in the USA” label? Perhaps you believe we might be better off as a nation economically if we produced more goods in the attempt to become more self -supportive. Perhaps you believe we should increase the amount of goods traded internationally. Opinions and speculation vary as much as the number of economists that predict economic climate. Having said this, as a nation, simply put, we trade. And with that activity come many ru les and regulations to try and ensure our best interests are protected. Based on this; 1. How is international trade regulated? Log on to www.wto.org and click the “Trade Topics” tab to learn about the scope of trade agreements and trade controversies. What is involved in “trade agreements”? 2. Log on to www.bea.gov and view the “International ” tab, then “ Trade in Goods and Services.” What is the current balance of trade for the United States? Has this balance been increasing or decreasing? Based on the current economic conditions, how do you thing this balance will move in the near future, and why? Your final product wi ll be a paper that :  Addresses each of the four questions above in total.  Is APA form atted.  The body is to be 2 pages minimum. The requirement s for your assignment are : 1. Answer each question fully 2. Define the overall subject of each question. 3. Cite at least t hree (3) resources from this week’s materials. Students: Be sure to read the criteria and review the grading rubric on the next page , by whic h your paper /project will be evaluated , before you write, and again after you write. Evaluation Rubric for Unit 8 Assignment CRITERIA Deficient Proficient Exemplary Points Earned Overview of the Topic 0-13 Points Does not provide an adequate overview or is m issing . 14 -27 Points Overview is presented, though may not be clear or complete. 28 -40 Points Overview is clearly presented including all criteria outlined above. Complete Answers 0-11 Points Questions unanswered and/or poorly answered. 12 -23 Points All questions answered with 1 -2 sentence inputs. 24 -35 Points All questions answered with depth and clarity. References to Course Materials 0-5 Points Less than 3 references, no assimilation to the questions. 6-10 Points 3 references, minimal assimilation to the questions. 11 -15 Points 4 or more references and assimilations show depth and clarity. APA Format 0-1 Point Format has e rrors that impede professional presentation; and/or APA not followed , reference page missing. 2-3 Points APA format and reference page has few errors that do not impede professional presentation . 4-5 Points APA f ormat and reference page is clear, professional , and error free . Writing Quality 0-1 Point More than 7 writing errors, to include spelling and 2-3 Points More than 4 writing errors, to include spelling and 4-5 Points No writing errors. punctuation. punctuation. Total 100