October 1 2007 - Capital coming into the country is bigger...

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International Trade 4 Linkitures 1) Trade- good and services 2) Resource 3) Technology and information 4) Financial Balance of trade- imports less exports more. Balance of payments less inflow then out flows Our biggest trading partner is Canada NAFTA- North American Free Trade Agreement
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Unformatted text preview: Capital coming into the country is bigger then going out Trade deficit has nothing to do with debt. Comparative Advantage- trading with people where youre doing the lowest domestic opportunity cost. Leads to specialization....
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This note was uploaded on 04/12/2008 for the course ECO 1000C taught by Professor Lawrence during the Spring '08 term at St. Johns Duplicate.

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