Look at PengAtlas Maps 2.1 (Top Merchandise Importers and Exporters) and 2.2 (Top Service Importers and Exporters).
Question:
a. Does the United States have an advantage globally in either merchandise or services? Does it have an advantage in both? If it has any type of advantage, is it absolute or comparative? Or does it have a disadvantage in both? Explain your answers.
b. Imagine that you were asked to give reasons why you think it is good, from the US perspective, to have its position among the countries of the world as the top importer in both merchandise and services. What reasons would you mention?
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a You need to understand that even if a country had an absolute advantage i...View the full answer
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