Business Finance
Free Trade & Foriegn Exchange

Question Description

What r freely floating exchange rates all about, and how do they work? What r some reasons for our large trade deficit? How can USA reduce the large trade deficit?Under what conditions would you advocate for trade restrictions? ORIGINAL ANSWERS!

Final Answer

Freely floating exchange rates are the exchange rates in which the value of the currency is determined by the free market . Countries that have a highly probability of constant change within their chosen market in which their supply and demand effects the value of currency within one's country. Decreasing the value of the US currency would lead to a trade deficit reduction, weak economies reduce importing/exporting ventures, thus, reduces the trade deficit, and increase product competitiveness. Trade is vital to our survivability, personally and economically, thus, restricting trades would severely hinder the already established recovery process. Advocating for restriction would most likely happen if traded countries were considered as a threat the US territories, violation of a trade agreement,  our are actively participating in an activity in which the US prohibats are additional factors of consideration.

HKPJ (6237)
UT Austin

Anonymous
Solid work, thanks.

Anonymous
The tutor was great. I’m satisfied with the service.

Anonymous
Goes above and beyond expectations !

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors