Trade deficit-trade surplus and protectionism

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Reference no: EM132111084

1. Define and give an example of the following: trade deficit, trade surplus, and protectionism.

2. There has been a major shift toward outsourcing manufacturing from the United States to foreign equence of this situation is the appearance of counterfeit parts. This has occurred in both electrical components and mechanical parts. Find an example of this phenomenon and write a brief essay.

Reference no: EM132111084

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