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Over the last three decades, trade has more than tripled the variety of international goods available to U.S. consumers. Although an increased choice of goods clearly enhances consumer well-being, standard national measures of welfare and prices do not assign a value to variety growth. This...
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of crises as well as non-crises periods. We also decompose the margins of U.S. imports at the U.S. importer, foreign …
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depended on petroleum for 41 % of its energy supply. Imports of crude oil and petroleum products increased to compensate for … decline in domestic production. Imports rose to 44% of supply. Because domestic production of natural gas was close to 1991`s …, increased demand was accommodated by larger (16%) imports from Canada. Coal production was virtually unchanged from 1991 and …
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