Homework
Answer the following questions:
• 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.)
• 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?
NOTE
Your Homework requires that you submit at least two references one from your textbook and at least one from the database "STATISTA"
You will be able to access STATISTA database by going to your FNU Library "LIRN" (Access ID> 24439 / Password> smartlearn39)
• Once you have signed to LIRN
• Go to your Business section
• Select STATISTA
• Type the topic to be searched (As examples) type:
• World Trade Organization
• U.S. Exports to China
• U.S. Imports from China
• You will get search results for your selection
Format your homework according to the following formatting requirements:
(1) The answer should be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides.
(2) The response also includes a cover page containing the title of the homework, the student's name, the course title, and the date. The cover page is not included in the required page length.
(3) Also include a reference page. The Citations and references should follow APA format. The reference page is not included in the required page length.