BALANCE OF TRADE

Even though the United States is well endowed with both human and natural resources, as well as the ways and means to use them in the production and distribution of goods and services, it cannot provide its people with all that they want or need. For this reason, the United States engages in international trade, which is the exchange of goods and services with other nations. Without international trade, goods would either cost more, not be available, or, if available, be of unreliable

BALANCE OF TRADE, Middle East has rich oil reserves, fishing industry, international trade