Economics (McConnell), 18th Edition

Chapter 5: The United States in the Global Economy

IN THIS CHAPTER YOU WILL LEARN:

1. Some key facts about U.S. international trade.



2. About comparative advantage, specialization, and international trade.



3. How exchange rates are determined in currency markets.



4. How and why government sometimes interferes with free international trade.



5. About trade-related topics such as the World Trade Organization (WTO), trade adjustment assistance, offshoring of jobs, and fair-trade products.