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The TransPacific Partnership – Of States and Corporations Brewster
The TransPacific Partnership – Of States and Corporations Brewster

... advantage” over other countries and economies. There is an underlying assertion of individualism, which I regard as the scourge of ‘Western Civilization’. Everyone is urged by the Trade propaganda to be competitive, as if being competitive is a moral value, a characteristic of a good person. But bei ...
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Carbaugh, International Economics 9e, Chapter 15

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Carbaugh Intl Econ 8e Chapter 15
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chapter14 - University of San Diego Home Pages
chapter14 - University of San Diego Home Pages

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Figure 12.1A Federal Budget Outlays, Receipts, Deficits

... Nominal figures are less important than their relationship to the size of the economy. ...
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Balance of trade



The commercial balance or net exports (sometimes symbolized as NX), is the difference between the monetary value of exports and imports of output in an economy over a certain period, measured in the currency of that economy. It is the relationship between a nation's imports and exports. A positive balance is known as a trade surplus if it consists of exporting more than is imported; a negative balance is referred to as a trade deficit or, informally, a trade gap. The balance of trade is sometimes divided into a goods and a services balance.
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