International Trade

Answer the following questions about International Trade on your page under the heading: "International Trade".

1. What goods and services does the U.S. export to other nations?

2. What goods and services does the U.S. import from other nations?

3. Who are the biggest countries that the U.S. Exports to?

4. Who are the biggest countries that the U.S. Imports from?

5. Where does our oil come from? List the top 5 countries.

6. Why do you think, it is mutually advantageous for countries to trade?

7. Look at the following video about the theory of comparative advantage and international trade.

8. Open your packet to page K1 (Embedded below if you prefer) and read the left side.

9. Read the instruction at the top of the right side and complete questions 2, 3, 4, 5 - record your answers on the page

10. Flip to page K3 of your packet and complete the right side. Record your answer on the page (you can use Google Drawing to draw the graphs). Explain why a international trade helps expand a country's PPF.