The purpose of this assignment is to become familiar with the terms import and export, and then discuss advantages or disadvantages of buying imports versus buying domestic products. You could, for instance, write about an imported automobile, stereo, or household appliance that you bought or considered buying. Include all of the following points in your discussion: 1.    If you were a retailer, would you want to sell domestically made goods or imported items? Please explain why you made this choice. 2.    If you wanted to sell a good or service to customers in other countries, what sorts of items do you think you could export? 3.    In your opinion, should the United States' Federal Government support companies that want to enter export markets? Please explain.

Economics: Private and Public Choice (MindTap Course List)
16th Edition
ISBN:9781305506725
Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Chapter18: Gaining From International Trade
Section: Chapter Questions
Problem 1CQ
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The purpose of this assignment is to become familiar with the terms import and export, and then discuss advantages or disadvantages of buying imports versus buying domestic products. You could, for instance, write about an imported automobile, stereo, or household appliance that you bought or considered buying. Include all of the following points in your discussion:

1.    If you were a retailer, would you want to sell domestically made goods or imported items? Please explain why you made this choice.

2.    If you wanted to sell a good or service to customers in other countries, what sorts of items do you think you could export?

3.    In your opinion, should the United States' Federal Government support companies that want to enter export markets? Please explain.

 

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