International economics

Table of Contents

1. Topic pack - International economics - introduction
2. Section 3.1 International trade (notes)
3. Section 3.1 International trade (questions)
4. Section 3.1 International trade - simulations and activities
5. Section 3.2 Exchange rates (notes)
6. Section 3.2 Exchange rates - questions
7. Section 3.2 Exchange rates - simulations and activities
8. Section 3.3 Balance of payments - notes
9. Section 3.3 Balance of payments - questions
   1. Current account - short answer
   2. The balance of payments - self-test questions
   3. Balance of payments - calculation (1)
   4. Balance of payments - calculation (2)
   5. Methods of correction - short answer
   6. Balance of payments - essay
   7. Can the beast be tamed? America's monster trade gap
10. Section 3.4 Economic integration - notes
11. Section 3.4 Economic integration - questions
12. Section 3.5 Terms of trade - notes
13. Section 3.5 Terms of trade - questions
14. Print View

Can the beast be tamed? America's monster trade gap

Read the article Trade Deficit in U.S. Unexpectedly Widens to $53.1 Billion and then answer the questions below. You can either read the article in the window below or you can follow the previous link to read the article in a separate window.

Question 1

Explain the factors that may have caused the rapid growth in America's trade gap.

Question 2

Identify the policies are available to the US government to try to close the trade gap? Assess how viable each of these policies may be in current circumstances.

Question 3

Discuss the implications for the rest of the world economy of the US taking significant action to close their trade gap.