For countries with smaller economies that depend on tourism spending, the impact of the Covid-19 pandemic will be even more devastating.
The Ins and Outs of Trade With Canada
Since trade with Canada tops everyone but China, we should take a look at what they send to us, what we receive, and why we have a trade surplus with them.
How a Ketchup Tariff Spreads
Seemingly small at 10%, Canada’s retaliatory ketchup tariff represents a lot more than a lift for a bland burger and salty fries.
Weekly Roundup: From Robot Servers to Shrimp Farmers
Our everyday economics includes wages, externalities, productivity, income, tradeoff, taxes, fiscal policy, gender, human capital and comparative advantage.
Weekly Roundup: From Slicing Bread to Saving Honeybees
Our everyday economics includes behavioral economics, commitment devices, environment, supply, regulation, free trade, gender issues and the minimum wage.
What the Big Mac Says About the Trans-Pacific Partnership
While opponents of the TPP free trade deal cite currency manipulation, cheaper exports from countries with cheaper currencies save money for U.S. buyers.
B(T)FF… Best Trading Friends Forever
We can say that Mexico believes her top trading partner is the United States because the value of her exports to the US (2013: $370,826,831) added to the value of her imports from the US (2013: $370,746,056) is exceeded by none of her other…