Title: International Trade: Making Sense of the Trade Deficit -- Reading
Course: Recommended Resources for AP Macro from FRE > Section: Unit 6: Open Economy--International Trade and Finance

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? This issue of Page One Economics® explains the basics of international trade and its importance to the economy.

Read the article below and then click "next" to take the quiz.