Trade and Comparative Advantage

Which country was the biggest trading partner for the U.S. in (measured in $ worth of imports) A) Canada B) China C)Mexico D)Japan E)Germany

Which country was the biggest trading partner for the U.S. in (in $ worth of US imports) A) Canada B) China C)Mexico D)Japan E)Germany

In order. A) Canada B) China C)Mexico D)Japan E)Germany US Imports $billionUS Exports $billion

If Al is more skilled than Bob at all activities, then any trade between Al and Bob that is good for Bob must be bad for Al. A)True B)False

And on to our lecture.