Question Details

MGMT 331 Module 8 Written Assignment: The Global Transportation Trade Industry

Preparation :

The balance of trade in the United States describes how much the United States imports and exports to foreign countries. For example, trade with China and Japan are shown below.
U.S. Trade with China: 2008
 
Source: U.S. Census Bureau, Foreign Trade Division, Data Dissemination Branch, Washington, D.C. 20233. Website. Retrieved September 11, 2008:http://www.census.gov/foreign-trade/balance/c5700.html (Links to an external site.)
U.S. Trade with Japan: 2008
 
Source: U.S. Census Bureau, Foreign Trade Division, Data Dissemination Branch, Washington, D.C. 20233. Website. Retrieved September 11, 2008:http://www.census.gov/foreign-trade/balance/c5880.html (Links to an external site.)

Written Assignment
In this short one to two page written assignment, address the following:
•	The balance of trade is an important part of the U.S.gross domestic product, which is directly involved with the nation- economy. In your paper, comment on the following issues:
•	Why is the balance of trade an important indicator of a country's economic health?
•	How does a negative balance of trade affect the United States’ transportation policies?
•	What are five things that the United States might employ to reverse this trade indicator from negative to positive?
All work must be grammatically-sound and free of spelling errors. Acceptable file formats are Microsoft Word (.doc, .docx) or Rich Text Format (.rtf).