Financial and Monetary Systems

An economist explains why trade deficits aren't a bad thing

Wheat and cars are part of the explanation. Image: REUTERS/Darren Whiteside - GF10000266173

William D Lastrapes

Professor of Economics, University of Georgia

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 The U.S. has a comparative advantage in wheat in part because of large and efficient fields like those in North Dakota.
Image: Reuters/Julie Ingwersen
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Related topics:

Financial and Monetary SystemsGeo-economicsTrade and InvestmentUnited States

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