Chapter 2: Go to www.census.govlforeign-trade/balance access the recent flow of
ID: 1136261 • Letter: C
Question
Chapter 2: Go to www.census.govlforeign-trade/balance access the recent flow of trade (merchandise and services) between your country and the U. S. Assess the change in the volume of trade between the U. S. and S.K. rather than import and export data. You will also find the additional websites listed in Chapter 2 of your text useful here (such as www.ita.doc.gov) Question 3: What does the trend in the volume of trade indicate about the potential number of South Korean students that would consider enrolling in U. S. universities? Explain your rationale.Explanation / Answer
The data can be summarised as under:
Hence from US point of view they may encourage the students to enrol but Korea may be cautious while allowing them to go to US to study until they are comfortable to loose tgheir comparative advantage in trade balance with the US.
These students may be encouraged in the US uptil they will be consumer of USD and once they are employable and start earning in USD and the same is remitted to Korea, that may create a reverse effect.
The potential number of enrolment may be promoted by US to improve their trade deficit as showed as a trend in last few years.
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