I need assistance with the following:
** see attachment
**Please use your own words
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"Imports" consist of transactions in goods and services (sales, barter, gifts or grants) from foreign country (or province or city, depending on which level of import you are dealing with) to the country.
"export" is when one trade something out of the country (again, province or city is also applicable).
Let us choose Coca Cola as an example, Coca Cola imports sugar (as an of the ingredient from Brazil) and export finished products (i.e. Coke) to almost every other country in the world.
Advocate either buying imports or buying domestically for retailing the item.
I support buying imports. First we will need to consider the idea of opportunity cost. Consider two individuals (here representing two ...