Global Business 4th Edition by Mike Peng

Exercise 14

Look at PengAtlas Maps 2.1 (Top Merchandise Importers and Exporters) and 2.2 (Top Service Importers and Exporters). Compare the global position of the United States in merchandise versus service imports and exports.
a. Does the United States have an advantage globally in either merchandise or services Does it have an advantage in both If it has any type of advantage, is it absolute or comparative Or does it have a disadvantage in both Explain your answers.
b. Imagine that you were asked to give reasons why you think it is good, from the US perspective, to have its position among the countries of the world as the top importer in both merchandise and services. What reasons would you mention