Chapter 1. What is a Zero-Sum Game. What do these two expressions mean? How would you describe international trade and why?
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Zero-Sum Game situation in which one participant's gains result only from another participant's equivalent losses. The net change in total wealth among participants is zero; the wealth is just shifted from one to another.Read more: www.investopedia.com/
Win-WinSituation guaranteeing a favourable outcome for everyone involved www.thefreedictionary.com
What percent of U.S. manufacturers sell overseas?
What is a surplus?
export more than import
What is a deficit?
import more than export
See p. 5 textbook
See p. 6-7 textbook
Find your country! Look at the charts.
What surprises you?
Look up harmonized code.