2. Outline positive and negative effects of international trade on the U.S. Include data and discuss the following:
o Imports
o Exports
o Trade Balance should we be concerned about negative trade balance or should we focus on capital surplus as a result of trade deficit
o GDP and economic growth
o Price level and price stability
o Nominal and real income level for an average household
o Jobs creation/loss
o Increasing income gap
o Distribution of trade gains
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