Assume that the team has been appointed as speech writers for the Speaker of the House. The team must write a speech which the Speaker must deliver about the current state of the U.S. macroeconomy to a number of amateur reporters who are unfamiliar with economics.
Integrate a summary of your answers tothe following questions and cite external research to further justify your facts:
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.