ECON 214 Module 8 Fourm 2 International Trade Discussion Forum Liberty
Topic: International Trade
Question/Prompt: "In 2014, “the United States exported $2.34 trillion worth of goods and services—an all-time record. Exports from the United States in 2014 equaled the entire gross domestic product of Brazil and exceeded all commercial output in India, Italy, or Mexico. What is more, exports are an increasingly important aspect of the U.S. economy.” (New top markets series provides data, 2015)
In your thread, complete the following:
1. Discuss economic theory related to the quote above. Be sure to include a definition of exports and the way in which exports are counted in the measurement of Gross Domestic Product (GDP) within your discussion.
2. Locate and incorporate outside research that gives evidence and explanation as to the possible causes of this growth in exports. Provide an example of 1 particular industry or country with which export quantity has increased.
3. Integrate biblical insights into your thread. In what way does Scripture influence our attitudes and actions in international trade?
http://www.commerce.gov/news/blog/2015/07/new-top-markets-series-provides-data-and-analysis-help-us-exporters-compare
Reply Prompt: Respond to the explanations of increases in United States exports for 2 classmates. In particular, over the next 20 years, does it seem likely that the causes highlighted in the thread will continue? Use outside research to substantiate your claim.
Your thread is due by 11:59 p.m. (ET) on Wednesday of Module/Week 8, and your replies are due by 11:59 p.m. (ET) on Friday of the same module/week.
Answers
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Posted 02 May 2017 07:05 PM
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