International Trade

Abstract: 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? The November Page One Economics explains the basics of international trade and its importance to the economy.

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Bibliographic Information

Provider: Federal Reserve Bank of St. Louis

Part of Series: Page One Economics Newsletter

Publication Date: 2016-11

Pages: 1-1