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1. Assuming flexible exchange rates between the United Kingdom and the U.S., indicate whether each of the following would cause the US dollar to appreciate

1. Assuming flexible exchange rates between the United Kingdom and the U.S., indicate whether each of the following would cause the US dollar to appreciate or depreciate, other things equal. Draw the effect of each on the market for US dollars for British pounds.Draw the graphs!! a. The U.S. unilaterally reduces tariffs on British made products. b. The United Kingdom encounters severe inflation. c. Deteriorating political relations reduce American tourism to England. d. The U.S. savings accounts yield high interest rates relative to savings accounts in the UK.

Use the podcast to answer the following questions: https://freakonomics.com/podcast/has-globalization-failed/

  1. In 2018, Freakonomics interviewed the then-head of the World Trade Organization, Roberto Azevedo. The Trump administration placed tariffs on China, causing a trade war. The Biden administration has extended it in which ways?
  2. What is the geoeconomics narrative?
  3. What is the corporate power narrative?
  4. What is the lose-lose "global threats" narrative?
  5. What is the CHIPS Act? And what does it hope to accomplish?
  6. Dubner and Roberts discuss Russia's war in Ukraine. When the Berlin Wall fell, economic reforms were instituted in the Russian economy. Describe the problems that occurred in Russia and why Putin would say the end of the Soviet Union was the "great geopolitical travesty for Russia."
  7. On discussing Western Hegemony, what is the "economic scramble" produced by the Ukraine-Russia war, as described by Roberts.
  8. Dubner asks Roberts, "how does your perspective as a legal scholar differ" from the standard (economic) view? Summarize her reply.
  9. Describe Kate Raworth's Doughnut Economics.
  10. Dubner states "our politicians... don't seem to particularly good at all at seeing and balancing these different perspectives..." What does Roberts suggest in encouraging them to think a little more about global issues from a slightly sophisticated perspective?

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