Business Question

Chosen Country: Saudi Arabia

Here are resources for your references; there are many resources online, if you’d like to cite (e.g. exports data), don’t miss them in your references.

Suggested Resources

• St. Louis Federal Reserve Economic Database (FRED):
• The World Banks World Integrated Trade Solution:
• Trading Economics:
• International Monetary Fund Country Information:
• The World Bank:
• Our World in Data:
• Index of Economic Freedom:

• World Trade Organization ().
• Country Commercial Guides, published by the International Trade Administration of the Department of Commerce (https://www.trade.gov/ccg-landing-page). The Office of the United States Trade Representative (USTR) also publishes short trade profiles. See

• Websites of U.S. Embassies, Consulates, and Diplomatic Missions:
• CIA World Factbook:

Instructions:

Answer all of the following questions. Submission should be formatted as follows:

Question 1a: Put your answer here

All assignments should be double-spaced and in 12-point type. Stick to a standard font such as Times New Roman. Correct spelling, grammar, and punctuation are minimum requirements in a college-level course. You can compose your assignments using MS Word / MS Office or Open Office (free download from openoffice.org). ALL assignments must be saved in the Word equivalent that saves the document with the file extension ending in ‘doc’ or ‘docx’.

Graded assignment submissions such as this assignment need to be completed on your own, i.e. individual work. Answer all questions and be sure to cite all your references, including textbooks. Use APA format for references.Please ensure that your answers and references are clearly separated in the submission. This approach may help reduce the similarity score in Turnitin reports.

Questions:

1. Chapter1 a. 10pts. Research that countrys economic system. In your own words, describe the economic system. Does the country have a capitalistic, command, or mixed economic system? What are your country major industries? Thoroughly explain.

b. 10pts. The United States is a huge participant in trade in dollar terms, but it is not as dependent on trade as many other countries. Use the trade-to-GDP ratio to contrast the importance of trade between your chosen country and the U.S. (copy and paste it to your browser) You could add your chosen country by input its name into the searching tab on the website and provide the screenshot the graph in the assignment.

1. 20 pts. Chapter 4. To analyze the U.S. – the chosen country trade pattern:

List the chosen country ‘s Top 10 exports to the U.S. and the U.S. Top 10 exports (considering both goods and service) to the chosen country. Explain the Heckscher-Ohlin Theorem and decide whether the trade pattern between U.S. and the chosen country supports the theorem. Provide evidence to your findings.

3. 40pts. Chapter 7. Research on the country’s trade policies and trade barriers. Answer the following questions.

• How high are tariffs? (5pts)
• Are there quotas or quota-like measures? In what sectors? (5 pts)
• Are there other non-tariff measures that the United States finds objectionable? (5pts)
• Which sectors in the country have benefited from the barriers and how? Which sectors in the country have been hurt by the barriers and how? (10 pts)
• Go to the WTO website () and chose one trade dispute that your selected country currently has with the U.S. *Please define it belongs to which form of legal protection by the U.S. and provide a summary of the problem and its current status as well as a personal assessment of the expected outcome. (15pts)

*if there is no trade dispute between the U.S. with your preferred country. Please change it to another country.

1. 50 pts. Chapter 9. Retrieve Balance of Payments Statistics from the IMFs Balance of Payments and International Investment Position Statistics (BOP/IIP) . Please watch this video first

1. What is the trade balance of 2023 annual data?
2. What is the current account balance of 2023 year? How does it calculate? Provide calculation formular and steps using the annual data.
3. Does the financial account equal the current account plus the capital account balance using 2023 annual data?
4. What is the statistical discrepancy using the 2023 annual data?
5. Analyze the chosen country Current Account from 2020 to the most recent annual data, draw a graph current account balance in 2020- present using your downloaded IMF data. Please also upload this excel file with your assignment submission, keep its original excel file name.

Discuss why the country has current account surplus or deficits (e.g. analyze exports/import, primary and secondary income) and the pros and cons of current account trends for the country. Hint: refer the slides of

1. 60pt. Chapter 10.

a. What is the name of the currency used in your country? Provide its exchange rate with respect to the U.S. Dollar, the British Pound, the Euro, and the Japanese Yen in the last 5 years. Tables or graphs are required. (15 pts)

b. Compare inflation data in your selected country and the U.S.A in the last 5 years. Tables or graphs are required. (10pts)

Calculation steps need to be provided for the following questions:

c. What is the price of a Big Mac in your selected country in domestic currency. Then how much do you pay it if you pay it in dollars (convert it at official exchange rate with U.S. dollars.) (10 pts)

d. The implied purchasing power parity (PPP) of the dollar, that is, the price of the Big Mac in your selected country in domestic currency divided by current price of a Big Mac in the U.S.A. (10 pts)

e. The percentage of under or overvaluation of the currency against the U.S. dollar. (10 pts)

Formula $\frac{pppexchangerate–theactualexchangerate}{theactualexchangerate}$*100.

you can insert number in this way: *100

f. Compare your calculations to the country’s Big Mac Index or (5 pts)

30 pts6. Ch11/12

a) The 2007-2008 Financial Crisis, often referred to as the “Great Recession,” began in the United States but had a significant contagion effect worldwide. Was the country you have chosen impacted by this crisis? If so, describe how the crisis affected its economy. If not, explain how your chosen country managed to avoid the contagion effects of the financial crisis.

b) Provide examples of monetary or fiscal policies implemented by your chosen country to reduce its exposure to the 2007-2008 financial crisis. Evaluate the long-term impact of these policies on the countrys economy: over about 15 years later, have these policies had any positive or negative effects on the economy over time?

NOTE: I hope peer review process provides a chance not only to learn another country but also to self reflect on what reviewer could improve your own submission. You can refer the peer review of your country and/or take constructive feedback as you like, it is not mandatory to take all feedback from peer, that is for reference purpose. Your final submission copy grading is based on completion, accuracy and academic integrity.

~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~

Bonus:

1) Dollar Street (?) visualizes how people live at different income levels across the world. Households are categorized by daily income, and you can explore photos of their homes, possessions, and lifestyles. Please find the information about your chosen country,

provide a screenshot of your country income per month from Daollar Street

2) you have studied this country through this semester, is there anything that surprised you or changed how you thought about this country? What message would you share with the people from your chosen country, based on what youve learned?

WRITE MY PAPER