Purpose

This assignment is intended to help you learn to do the following:

• Summarize U.S. trade patterns.
• Explain how trade increases total output.
• Explain how the terms of trade are established.
• Describe how trade barriers affect market outcomes.
• Describe how currency exchange rates affect trade flows.

Overview

Review the section of your text that covers international trade. In addition, find and read two recent articles on international trade and U.S. trading partners. Write a 500-750 word (approximately 2 to 3 page) paper that addresses these questions:

• How has international trade changed over time?
• What are some of the trade agreements the US has with other countries? Do you feel they are beneficial to the countries?

Support your conclusions with the findings from the articles and the textbook as well as any other sources you would like to use. Format the paper according to General APA Guidelines. You do not need to include an abstract but you must include a title page and a references page. These pages are not included in your word/page count.

Action Items

1. Read the assignment rubric.
2. Write your paper according to the directions in the assignment overview.
3. Submit the completed first draft of your assignment. Your work will automatically be checked by Turnitin.
4. Access your Turnitin report by reviewing your Submission Details for this assignment. Revise your work as needed based on the feedback.
5. By the due date indicated, re-submit the final version of your work.