Title: Explain how global trade affects entrepreneurs.
Course: Entrepreneurship, Advanced (12053-II) > Section: Understanding Economic Influences on a Business

Explanation should include

- the determinants of exchange rates and their effects on domestic economy
- the effect of cultural and social environments on global trade
- small business opportunities in international trade.

Process/Skill Questions:

- What effect does a strong euro have on the buying power of the U.S. dollar?
- How does a trade deficit or surplus affect domestic business?
- What trade alliances are in place globally?
- What effect do world powers such as China and India have on global marketing?
- How does American participation in free-trade alliances affect the U.S. economy?
- How does the existence of the Internet impact the global economy?