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International Trade

U4. International Trade. Some Key Facts. U.S. Trade Deficit $782 Billion in Goods in 2005 U.S. Trade Surplus $58 Billion in Services in 2005 U.S. Exports Chemicals, Consumer Durables, Agricultural Products, Semiconductors U.S. Imports Petroleum, Automobiles, Appliances, Computers

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16.2 The Economic Basis for Trade

16.2 The Economic Basis for Trade. Why do nations trade? The distribution of resources is uneven. Efficient production requires different technologies or resource combinations. Products are differentiated as to quality and other non-price attributes. The Economic Basis for Trade.

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International Trade

16.2 The Economic Basis for Trade