International Trade

First explained by David Ricardo through comparative advantage, international trade and finance expands worldwide efficiency and productivity. Econlife looks at international trade to see its impact through goods and services, trade balances, trade barriers like tariffs and quotas and subsidies.

What We Can Learn From Big Mac Prices

Based on the January 2017 Big Mac Index, we can get the most burger for our buck in Egypt. At the equivalent of $1.46, an Egyptian Big Mac is less than one-third the $5.06 U.S. price. On the other han…

A World Trade Snapshot

Asked to name top state imports, we might say cars. For Wisconsin though the right answer is sweaters. A second surprise? Medicine is #1 on Washington D.C.’s import list. The Ins and Outs of Tra…

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