Using the Trade Stats Express page and response to the following questions: What are the leading
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Question:
Using the Trade Stats Express page and response to the following questions:
- What are the leading U.S. exports and imports in terms of value?
- Which trading partners are most important to the United States? This can be measured in terms of total exports, total imports, or total exports plus imports?
- Which countries have the largest trade deficits and trade surpluses with the United States?
- Find the trading statistics for the U.S. and Canada, and the U.S. and Mexico?
- When the United States signed a free-trade agreement with Canada (1989), no one thought twice about it. When the agreement with Mexico was signed (1994), there was
- significant opposition. Use the concepts of interindustry and intra-industry trade to explain the differences in opposition to the two trade agreements.
- Given the current trading statistics of U.S. trade with Canada and Mexico, does the opposition to the agreements seem justified?
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