answer the following questions what are the major u s exports and imports how does international trade affect u s consumption possibilities 3 pts what determines which goods a country should produce and export 3 pts what is the world tr

Answer the following questions:

– What are the major U.S. exports and imports? How does international trade affect U.S. consumption possibilities? (3 pts)

– What determines which goods a country should produce and export? (3 pts)

– What is the World Trade Organization (WTO) and how does it help foster multilateral trade? (Check the WTO website at (4 pts)

– Firms hurt by cheap imports typically argue that restricting trade will save U.S. jobs. What’s wrong with this argument? Are there ever any reasons to support such trade restrictions? (5 pts)


Your Assignment requires that you submit at least two references one from your textbook and at least one from the database “STATISTA”

You will be able to access STATISTA database by going to your FNU Library “LIRN” (Access ID> 24439 / Password> fnulibrary39)

– Once you have signed to LIRN

– Go to your Business section


– Type the topic to be searched (As examples) type:

– World Trade Organization

– U.S. Exports to China

– U.S. Imports from China

– You will get search results for your selection

– Click on your selection and it will display information to be used on your assignment (text, data, graphs, etc)

– It will also give you a window for your citation (choose APA) and copy/paste on your assignment’s references page

Use the data from the reports to supplement your questions’ answers. Remember that at least this assignment requires one reference from STATSTA and at least one reference from your course assigned textbook.