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Focus on Economic Data: United States International Trade in Goods and Services - November 2001
Source: Council for Economic Education (EconEdLink) | Type: Lesson

International trade is perhaps the most politically controversial economic issue. This case reports and interprets the most recent changes in trade data. Causes and effects of the changes are explored.

Grades:

• 9-12

Concepts:

• Exchange Rate
• Exports
• Imports

Standards:

• Economics 1: Scarcity
• Economics 5: Gain from Trade
• Economics 6: Specialization and Trade
• Economics 9: Role of Competition
• Economics 18: Macroeconomy-Income/Employment, Prices
• Economics 19: Unemployment and Inflation

Related Resources:

• Focus on Economic Data: United States International Trade in Goods and Services - August 2002
• Focus on Economic Data: United States International Trade in Goods and Services - September 2002
• Focus on Economic Data: United States International Trade in Goods and Services - October 2002

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