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1. Assume that the United States has a flexible exchange rate. Explain how each of the following (15 po events individually will affect the international value of the dollar and U.S. aggregate demand as a result of the changing value of the dollar. a. The United States hosts the World Cup. b. An airline strike cripples international travel to the United States. c. Scottish investors purchase a large amount of American bonds. d. Inflation in the United States increases dramatically. e. Unemployment in the United States increases dramatically. 2. Suppose the United States decides to impose a tariff on all wood products coming into the (15 point nation. a Using a supply and demand market graph, show and explain how the tariff will affect the market for wood products in the United States. b. Who are the winners and losers as a result of the tariff on wood products? Consider foreign and domestic producers, the U.S. government, and consumers in your answer. c. Explain one of the arguments for the imposition of the tariff on wood products. d. Name two negative costs that will result from the tariff