Economics Homework Help

The study of international economics is important because it helps us analyze the effect of the international flow of goods, services, and factors of production on consumer welfare. Consumption is the goal or end of economic activity – production and exchange are only the means to that end. In international economics, we also wish to examine how national policies directed at regulating these international flows affect domestic welfare. As individuals and voters, we need to study international economics in order to be able to form intelligent opinions on these matters.