International Trade: Making Sense of the Trade Deficit (Page One Economics)
As Adam Smith said, everyone lives by exchanging. They exchange—buy and sell—to make themselves better off. Does the same principle apply to international trade? Do nations benefit from importing and exporting? What role does a trade deficit have in the economy? The November 2016 issue of Page One Economics explains the basics of international trade and its importance to the economy.
Teachers: Visit the Reading Q&As in our Econ Lowdown Teacher Portal to find the teacher edition for this issue, to assign an online version of the student materials and to collect student scores on the questions. The materials are still free—but having them in the portal keeps students from accessing the answer key.
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