Implications for economy

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Individual Assignment: Global trade has more of an impact on you than you might imagine. The U.S. balance of trade statistics are quite revealing. The chart below depicts the deficits and surpluses of the top U.S. trading partners from 2015-2017. Note the countries. Then review the labels of your clothing. Or those on your electronic equipment. What are the top five countries on your goods? What Factors of Production created them? How do they compare against those on the chart? What are the implications for our economy if our imports and deficits remain large, particularly with China?

Reference no: EM133020788

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