{"id":19890,"date":"2023-05-15T18:49:53","date_gmt":"2023-05-15T18:49:53","guid":{"rendered":"https:\/\/www.goodacademic.com\/blog\/questions\/ecocb-535-the-digital-economyn2-competency-3-reflection-competency-3-reflection\/"},"modified":"2023-05-15T18:49:53","modified_gmt":"2023-05-15T18:49:53","slug":"ecocb-535-the-digital-economyn2-competency-3-reflection-competency-3-reflection","status":"publish","type":"questions","link":"https:\/\/www.goodacademic.com\/blog\/questions\/ecocb-535-the-digital-economyn2-competency-3-reflection-competency-3-reflection\/","title":{"rendered":"ECOCB\/535: The Digital Economy(N2) Competency 3 &#8211; Reflection Competency 3 &#8211; Reflection"},"content":{"rendered":"<h5 style=\"font-weight: bold; font-size: 1.5em; line-height: inherit; cursor: auto;\"><span style=\"line-height: inherit; cursor: auto; color: inherit;\">Reflection<\/span><\/h5>\n<p style=\"line-height: inherit; cursor: auto; color: inherit;\">This reflection activity is comprised of two sections collectively totaling a minimum of 500 words. Complete your reflections by responding to all prompts.&nbsp;<\/p>\n<p style=\"line-height: inherit; cursor: auto; color: inherit;\"><br style=\"line-height: inherit; cursor: auto; color: inherit;\"><\/p>\n<p style=\"line-height: inherit; cursor: auto; color: inherit;\"><span style=\"font-weight: 700; line-height: inherit; cursor: auto; color: inherit;\">Exchange Across International Borders<\/span><\/p>\n<p style=\"line-height: inherit; cursor: auto; color: inherit;\">The success of an economy in effectively employing the four&nbsp;factors of production determines how well that economy performs relative to its potential and relative to other economies.&nbsp;<\/p>\n<p style=\"line-height: inherit; cursor: auto; color: inherit;\"><br style=\"line-height: inherit; cursor: auto; color: inherit;\"><\/p>\n<p style=\"line-height: inherit; cursor: auto; color: inherit;\"><span style=\"font-weight: 700; line-height: inherit; cursor: auto; color: inherit;\">Addres<\/span>s the following:<\/p>\n<ul style=\"padding: 0px 3rem 0px 1.5rem; line-height: inherit; cursor: auto; color: inherit;\">\n<li style=\"padding: 0px 0px 0px 1.5em; line-height: inherit; cursor: auto; color: inherit;\">Evaluate non-monetary benefits that open trade has contributed to the world since the end of World War II.&nbsp;<\/li>\n<li style=\"padding: 0px 0px 0px 1.5em; line-height: inherit; cursor: auto; color: inherit;\">Provide at least 2 examples of the above benefits and explain why you believe each is important.<\/li>\n<li style=\"padding: 0px 0px 0px 1.5em; line-height: inherit; cursor: auto; color: inherit;\">Analyze how changes to U.S. trade and tariff policies affected U.S. trade with other nations.&nbsp;<\/li>\n<\/ul>\n<p style=\"line-height: inherit; cursor: auto; color: inherit;\"><br style=\"line-height: inherit; cursor: auto; color: inherit;\"><\/p>\n<p style=\"line-height: inherit; cursor: auto; color: inherit;\"><span style=\"font-weight: 700; line-height: inherit; cursor: auto; color: inherit;\">Support<\/span> your responses with recent (less than 2 years old) credible news sources.&nbsp;<\/p>\n<p style=\"line-height: inherit; cursor: auto; color: inherit;\"><br style=\"line-height: inherit; cursor: auto; color: inherit;\"><\/p>\n<p style=\"line-height: inherit; cursor: auto; color: inherit;\"><span style=\"font-weight: 700; line-height: inherit; cursor: auto; color: inherit;\">The Global Role of the US Economy<\/span><\/p>\n<p style=\"line-height: inherit; cursor: auto; color: inherit;\"><span style=\"font-weight: 700; line-height: inherit; cursor: auto; color: inherit;\">Consider <\/span>that some politicians, labor unions, and special interest groups argue that U.S. trade deficits are harmful to the economy, and nations that run large trade surpluses with the United States are benefiting from unfair trade practices and agreements. These parties support increasing tariffs on imports and eliminating or rewriting trade agreements.&nbsp;<\/p>\n<p style=\"line-height: inherit; cursor: auto; color: inherit;\"><br style=\"line-height: inherit; cursor: auto; color: inherit;\"><\/p>\n<p style=\"line-height: inherit; cursor: auto; color: inherit;\"><span style=\"font-weight: 700; line-height: inherit; cursor: auto; color: inherit;\">Analyze <\/span>2 credible economists\u2019 opinions on the effects of the 2 of following factors with respect to the total U.S. trade balance. Find 1 economist who is less concerned about trade deficits, who thinks they are less important or that they mean something else is good (U.S. consumers have more disposable income for example). Then find another economist who is more concerned, (he or she may see a trade deficit as having adverse employment effects, for example). Weigh in their different perspectives and state whether you agree or disagree with their assertions, providing the logic behind your thinking. The factors to analyze include:<\/p>\n<ul style=\"padding: 0px 3rem 0px 1.5rem; line-height: inherit; cursor: auto; color: inherit;\">\n<li style=\"padding: 0px 0px 0px 1.5em; line-height: inherit; cursor: auto; color: inherit;\">Tariffs<\/li>\n<li style=\"padding: 0px 0px 0px 1.5em; line-height: inherit; cursor: auto; color: inherit;\">Changing trade agreements<\/li>\n<li style=\"padding: 0px 0px 0px 1.5em; line-height: inherit; cursor: auto; color: inherit;\">Manipulating exchange rates<\/li>\n<\/ul>\n<p style=\"line-height: inherit; cursor: auto; color: inherit;\"><br style=\"line-height: inherit; cursor: auto; color: inherit;\"><\/p>\n<p style=\"line-height: inherit; cursor: auto; color: inherit;\"><span style=\"font-weight: 700; line-height: inherit; cursor: auto; color: inherit;\">Submit <\/span>your reflection.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Reflection This reflection activity is comprised of two sections collectively totaling a minimum of 500 words. Complete your reflections by responding to all prompts.&nbsp; Exchange Across International Borders The success of an economy in effectively employing the four&nbsp;factors of production determines how well that economy performs relative to its potential and relative to other economies.&nbsp; [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"closed","template":"","meta":[],"disciplines":[1112],"paper_types":[],"tagged":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/19890"}],"collection":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions"}],"about":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/types\/questions"}],"author":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/comments?post=19890"}],"version-history":[{"count":0,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/questions\/19890\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/media?parent=19890"}],"wp:term":[{"taxonomy":"disciplines","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/disciplines?post=19890"},{"taxonomy":"paper_types","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/paper_types?post=19890"},{"taxonomy":"tagged","embeddable":true,"href":"https:\/\/www.goodacademic.com\/blog\/wp-json\/wp\/v2\/tagged?post=19890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}