How do I answer these questions on Economic issues?
1. list arguments in favor of and against protectionism. are you in favor of free trade or protection? Explain why.
2. Strong dollar results in trade surplus and weak dollar results in trade deficit." Do you agree with this statement? If not, how do you correct it? Explain your answer.
3. What is the importance of multinational corporations today? What are the reasons for their existence? Explain.
4. What is wrong with our social security system? How could you solve the crisis?
Thanks!
Answer:
2. A strong dollar does not create a trade surplus. its the other way around. when the dollar is strong we will tend to import more because the dollar can buy more. when the dollar is weak we will export more because we cant buy as much.
check the following essay to answer your first question
http://www.econessays.com/benefits.htm...
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