Crash Course Economics

Crash Course Economics - Season 1 Episode 15 Imports, Exports, and Exchange Rates

2016-06-09 10 minutes.
2.00 1 votes

Season - Episode

1 Season 1 Jul 08, 2015
0 Season 0 Jul 01, 2015

Overview

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 remember the specialization and trade thing, right? So, that leads to imports and exports. Economically, in the aggregate, this is usually a good thing. Globalization and free trade do tend to increase overall wealth. But not everybody wins.

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