Imports, Exports, and Exchange Rates: Crash Course Economics #15
What is a trade deficit? Well, it all has to do with imports and exports and, well, trade. This week Jacob and Adriene walk you through the basics of imports, exports, and exchange. So, you...
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Hi I'm Adriene Hill and I'm Jacob Clifford and welcome to Crash Course Economics. Today we're going to talk about international trade. So we all know our stuff is from everywhere. Bangladesh, China, Vietnam, China again, but what does it actually tell us about the global economy or the US economy? And who's is benefitting from all this trade. And who's gonna clean all this up? [Theme Music] International trade is the lifeblood of the global economy. Basically when a good or service is produed in, let's say, Brazil and sold to a person or business in the US, that counts as an export for Brazil and as an import from US. As you might expect, the United States is the world's largest importer because Americans love their stuff. In 201...
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Hi I'm Adriene Hill and I'm Jacob Clifford and welcome to Crash Course Economics. Today we're going to talk about international trade. So we all know our stuff is from everywhere. Bangladesh, China, Vietnam, China again, but what does it actually tell us about the global economy or the US economy? And who's is benefitting from all this trade. And who's gonna clean all this up? [Theme Music] International trade is the lifeblood of the global economy. Basically when a good or service is produed in, let's say, Brazil and sold to a person or business in the US, that counts as an export for Brazil and as an import from US. As you might expect, the United States is the world's largest importer because Americans love their stuff. In 201...
