International Trade
In Unit 4, we discussed international trade in Chapter 9. Look at the latest Trade Report from the Bureau of Economic Analysis in the Reading and Resources section.
- What was the value of goods and services we exported and imported in the latest report?
- Did the US have a trade deficit, surplus, or balanced trade?
- Based on the graph, what caused the trend over the last year?
- If you were to argue in favor of restricting trade, which are some of the industries or sectors you would restrict, and what arguments would you make to support your case?
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