Title: Compare balance of trade among selected countries.
Course: Opportunities in Global Trade, Advanced (12056-II) > Section: Examining Current World Trade Issues

Comparison should include the definition of trade surplus and trade deficit in terms of the products/services imported and/or exported. Examples should include an analysis of how the United States trades with the following regions:

- Europe
- Pacific Rim
- North America
- Latin America
- Africa

Process/Skill Questions:

- How does the balance of trade affect world trading partners?
- What are the products/services that other countries export to the United States?
- What are the products/services that the United States exports to other countries?
- How do businesses make trade decisions based on a country’s balance of trade?
- How does the balance of trade relate to a country’s economic stature?
- How could a country improve its balance of trade?
- What countries conduct the most international trade with the United States?
- How have trade agreements with other countries affected the United States’ trade surplus/trade deficit?