Title: off shoring
|Date:||August 4, 2002|
|Length:||3 / 749|
|No of views:||0|
|Essay rating:||good 0, average 0, bad 0 (total score: 0)|
is a net exporter, it could actually result in a loss to U.S. income through terms of trade effects. "The terms of trade of the U.S. refer to the prices foreign purchasers pay for U.S. exports relative to the prices U.S. residents pay for imports. If U...
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"The terms of trade of the U.S. refer to the prices foreign purchasers pay for U.S. exports relative to the prices U.S. residents pay for imports. If U.S. exports fetch ever higher prices on world markets and/or U.S. import prices drop, the terms of trade for the United States improve- the United States is able to consume more goods given its current income and productivity...
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