For my country, imports are a good thing about international trade, whereas exports

QUESTION:

“For my country, imports are a good thing about international trade, whereas exports are more like the necessary evil.” Do you agree or disagree? Why?


ANSWER:

Agree. Imports permit the country to consume more (or do more capital investment using imported capital goods). Anything that is exported is not available for domestic consumption (or capital investment). Although this loss is bad, exports are like a necessary evil because exports are how the country pays for the imports that it wants.

 

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