Applying International Trade Concepts
Introduction
During the years of 1986 and 2001, total export grew to over $731 billion for the U.S. In 2001, Middle East countries exported fuel worth over $23 billion. In the year 2002, highest commodities imported to the U.S. were new and used vehicles, crude fossil fuel, and various vegetables and meat products. Trade is important to all countries worldwide. Different countries offer different quantities, qualities, and cost resources. Countries look to optimize their own assets and capitol by using these types of resources as effectively as possible. The government of Rodamia is a sizable country compared to its neighbors. Four percent of its GDP comes from agriculture; mainly wheat, corn, cotton and dairy and poultry products, 30 % comes from industry and 66 % comes from services.
The significance of international trade to a countries economy varies with the export, the value of goods and services sold abroad and imports, the value of......

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Title: Applying International Trade Concepts
Approximate Word Count: 1174
Approximate Pages: 5 (250 words per double-spaced page)

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