Chapter 5 Assignment

Chapter 5 Assignment - Chapter 5 1 How important is...

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Chapter 5 1. How important is international trade to the U.S. economy?  In terms of  volume,   does   the   United   States  trade   more   with   industrially   advanced  economies or with developing economies? What country is the United  States’ most important trading partner, quantitatively?   The United States is almost entirely dependent on other counties for bananas,  cocoa, coffee, spices, tea, raw silk, nickel, tin, natural rubber, and diamonds.  The US exports more to industrially advanced economies with a value of $483  billion dollars while they import more from the developing countries at $904 billion  dollars.  Canada is the USs most important trading partner with 24% of US  exported goods sold to Canadians, who in turn provided 17% of the US imports  of goods. 2.   If   the   European   euro   declines   in   value   (depreciates)   in   the   foreign  exchange market, would it be easier or harder for the French to sell their 
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This note was uploaded on 10/13/2008 for the course ECN 201 taught by Professor Mapp during the Spring '08 term at A.T. Still University.

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Chapter 5 Assignment - Chapter 5 1 How important is...

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