While exports are good for the us economy eg raising demand


While exports are good for the U.S. economy (e.g. raising demand for U.S. products and wages of American workers), imports are bad: they destroy American industries and American jobs and lower our standards of living. Comment.

1. clearly state your main points; and

2. support your main points with theory (i.e. logic/reasoning, the models we have discussed in class, etc.).

Examples with made-up numbers, like those we use in the Ricardian model, are theory, not data.)

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