RSM100Y1 Lecture Notes - Lecture 8: Foreign Direct Investment, Gross Domestic Product, Maple Syrup
14 Mar 2016
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What do we mean by absolute advantage , comparative advantage and bringing coal to newcastle? . Recently, the u. s. imported - billion of goods from china, and exported - billion. Therefore, the u. s. trade deficit with china was billion - or million per day. When an ipod is imported from china to the u. s. , american customs record its estimated factor value of as an import from china. is added to the u. s"s trade deficit. Recently, researchers analyzed the guts of the ipod by nationality and discovered that while it was assembled in china, assembly represented only a few dollars of its value . Mobile sdram memory - south korea . 37. (not just that us customs officials can"t count very well ) Trade today is less & less about importing maple syrup & citrus fruits, and more about complex, global products like ipods.
