Look at PengAtlas Maps 2.1 and 2.2. Compare the global position of the United States in merchandise
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Look at PengAtlas Maps 2.1 and 2.2. Compare the global position of the United States in merchandise versus service exports.
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 that it is good from the US perspective that it is the world’s biggest importer in both merchandise and services. What reasons would you mention?
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