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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

How can there be any economic gains for a country from both importing and exporting the same good, like cars?

To determine

To state: The way of earning economic gain for a country from both importing and exporting the same goods.

Explanation

The import and export of same good, like cars, can provide benefit of economic gain. This is so, as the businesses can indulge in the intra-industry trade so as to trade in the same industry, as people are referring imported goods and are encouraged to export the things also...

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