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Small Cover
Economics, 6/e
Stephen L. Slavin

International Trade

Chapter 32 - International Trade



1

Our trade deficits with Japan and China were both over $ in 2000.
2

If the dollar were to fall, that would tend to our trade deficit.
3

About our high school math and science teachers are unqualified to teach their subjects.
4

Most of the jobs lost to imports in recent years have been in the sector.
5

The law of states that total output is greatest when each product is made by the country that has the lowest opportunity cost.
6

Our trade deficits have been over $100 billion since .