Problem
Answer in a minimum of 3-5 sentences
1. Will a healthy economy run a balance-of-trade surplus? Does a balance-of-trade deficit indicate that a nation is in financial trouble?
2. Why do nations adopt trade restrictions? What impact do trade restrictions have on the economy? Do trade restrictions create jobs?
3. Under what conditions can a nation gain from international trade?
4. What are the major import and export products of the United States? Which countries are the major trading partners of the United States?