Explore BrainMass
Share

Explore BrainMass

    Exporting vs. Importing

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    Need help answering homework question, please.

    If a nation exported much of its output but imported little, would it be better or worse off? How about the reverse of exporting little but importing lot?

    © BrainMass Inc. brainmass.com October 10, 2019, 5:47 am ad1c9bdddf
    https://brainmass.com/economics/trade-agreements/exporting-vs-importing-518017

    Solution Preview

    If a nation exported more than it imported, it would create a trade surplus. This would be advantageous to the country. If the country imported more than they exported (as many nations currently do), it would create a trade deficit. Basically, when a country imports more than the ...

    Solution Summary

    This solution explains if it would be better or worse for a nation to export more than it imports. We also discuss the consequences/benefits if the opposite were true.

    $2.19