Question
1. Go online to the US Census site to find international trade statistics. You can use this link: https://www.census.gov/foreign-trade/data/index.html or Google, us trade imports exports
1. Go online to the US Census site to find international trade statistics. You can use this link: https://www.census.gov/foreign-trade/data/index.html or Google, "us trade imports exports census". Click through "Data" then "State and Metropolitan Area Trade Data". Click through "Top 25 Exports and Imports" or if the link works, click through: https://www.census.gov/foreign-trade/statistics/state/data/index.html 2. What is the top product imported into North Carolina? What is the top product exported by North Carolina? 3. Using the important verbiage of comparative advantage and absolute advantage, why are these 25 products the ones that made the list? Write paragraph to summarize your findings and explain why the U.S. wants to import and export these products. Be sure to apply the concepts of opportunity costs, comparative advantage and absolute advantage.
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