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Explain the standard trade model and apply this theory to one good that the United States both exports and imports.

Explain the standard trade model and apply this theory to one good that the United States both exports and imports.

Answer this question in a 3 – 5 page short essay. APA format is required, and reference material does need to be incorporated and cited. Your paper should be submitted in a Microsoft Word document within the Assignments section of the classroom.