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Purpose This assignment is intended to help you learn to do the following: Summarize U.S. trade patterns. Explain how trade increases total output. Explain how
Purpose
This assignment is intended to help you learn to do the following:
- Summarize U.S. trade patterns.
- Explain how trade increases total output.
- Explain how the terms of trade are established.
- Describe how trade barriers affect market outcomes.
- Describe how currency exchange rates affect trade flows.
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