ERIC Number: ED416144
Record Type: RIE
Publication Date: 1997
Reference Count: N/A
Trade is a Two-Way Street.
Welch, Mary A., Ed.
Economic Issues for Food, Agriculture, and Natural Resources, n12 Win 1996-1997
This issue focuses on how U.S. trade policies must recognize the interdependent nature of trade partnerships. Economic concepts related to world trade are explained. The booklet contends that the United States cannot have a comparative advantage in producing all goods and that by offering consumers low-priced imports from overseas the United States can strengthen its economy. The basic premise is that the United States should export what it does best and import the best, looking for the best advantage to the economy. The booklet concludes with a student quiz. (EH)
Descriptors: Agriculture, Economics, Exports, Food, Foreign Countries, Imports, International Relations, International Trade Vocabulary, Natural Resources, Secondary Education, Social Studies
School of Agriculture, Office of Academic Programs, Purdue University, 1140 Agricultural Administration Building, West Lafayette, IN 47907-1140.
Publication Type: Collected Works - Serials; Guides - Non-Classroom
Education Level: N/A
Audience: Practitioners; Teachers
Authoring Institution: Purdue Univ., West Lafayette, IN. School of Agriculture.
Note: For other booklets in this series, see SO 027-918-928.