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?
Textbook or eBook:
Mankiw, G. N. (2024). Principles of Macroeconomics (10th ed.). Boston, MA: Cengage Learning.
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