Goods/ Service-U.S Economy 2015 Name Institution US Economy 2015: Check Out The Top Imports And Exports In Every US State. International Business Times The data presented in in the article titled “US Economy 2015: Check out the Top Imports and Exports in Every US State. International Business Times” reveals that the United States continues to be a key producer and exporter of fuels especially in the states of Mississippi and Texas. On the other hand the United States imports consumer goods as well as vehicles (Nordrum 2015). As such the essay examines the outright and relative benefit for the U.S in the supply of fuel commodity that amplifies comparative gain as a key pillar in economics. References Deardorff A. V. (2011). Comparative advantage and international trade and investment in services. In Comparative Advantage Growth And The Gains From Trade And Globalization: A Festschrift in Honor of Alan V Deardorff (pp. 105-127). Nordrum A. (2015). US Economy 2015: Check Out The Top Imports And Exports In Every US State. International Business Times. Retrieved 26 March 2018 from www.ibtimes.com D. (2015). Economics rules: why economics works when it fails and how to tell the difference. OUP Oxford. Thompson H. (2017). International Economics: Global Markets and Competition Fourth Edition. World Scientific Publishing Company. [...]
Find one or more articles about a good/service the United States exports and a good/service the United States imports. In a well-written paper, explain the following: Discuss what this suggests about the United States’ absolute and comparative advantage when it comes to this good/service. Using the concepts of supply and demand, discuss what effect a “Buy American” campaign might have in the market for the imported good. Given what economists have to say about comparative advantage, would such a campaign be good or bad? Adhere to the following standards: Your paper should be two to four pages in length, not including the title or references pages. Review the grading rubric, which is be found in the Week 2 folder. Incorporate at least three scholarly references that are not required readings for this module. The CSU-Global Library is a good place to find these references. Be sure to follow the CSU-Global Guide to Writing and APA Requirements. Each paper should include an introduction, a body with at least two fully developed paragraphs, and a conclusion.