Economic Issues and Policy 6th Edition by Jacqueline Murray Brux

Exercise 7

Look up information about the trade situation of some of the countries listed in Table 12-1 in the CIA World Factbook Web site (http://www.odci.gov/cia/publications/factbook). Select a country, then click the link to the economy, read the economy overview, and scroll to the trade statistics. Discover the major exports and imports of the country, along with its trading partners. Is the country in deficit or surplus? What is the effect of warfare in some of the countries? Are there any reasons that statistics may be underreported? Remember this CIA Web site because it will provide you a wealth of information about any specific country that you may research in the future.