International Trade
– What are the major U.S. exports and imports? How does international trade affect U.S. consumption possibilities?
– What determines which goods a country should produce and export?
– What is the World Trade Organization (WTO) and how does it help foster multilateral trade? (Check the WTO website at http://www.wto.org/.)
– Firms hurt by cheap imports typically argue that restricting trade will save U.S. jobs. What’s wrong with this argument? Are there ever any reasons to support such trade restrictions?
APA Format, 200 words per question
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- Major US Export and Imports and how International Trade affects Us Consumption possibilities
The US is one of the largest exports and import economy in the world. Form a continental perspective, Asia, trade partners to North America, and Europe are among regions for US import purchases. Some of the major imports include computers, some parts of vehicles, mineral fuels, organic chemicals, and pharmaceuticals (Workman, 2020). China, Japan, Mexico, and Germany are among specific countries….
(1000 words)