The Whole Picture - Global Economics

Using the U.S Census website, choose two countries with which the U.S. trades. Answer the questions below based on the two countries that you selected.

1. Why do these countries trade?
2. What does each country get from trading with one another?
3. What are the current exchange rates for each country?
4. Provide at least one example of what one of the products would cost when trading.
5. Can you provide examples of comparative advantages that each country has in producing specific products?
6. Does the United States have a trade deficit or trade surplus with these countries?

Once you have completed your responses to the questions above, submit your assignment to the dropbox.