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Globalization Exercise   Why do countries export goods? Why do they import goods? The reason is to improve...

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Finance

Globalization Exercise

 

Why do countries export goods? Why do they importgoods? The reason is to improve what they are not good at or do nothave in abundance and to sell what they have in abundance. Usingthe website found below, complete the exercises listedbelow.

 


From the website create a list of the top threeexports and imports for these countries:


 

USA

Canada

UnitedKingdom         

China

Russia

 


Once you have completed the list, answer thefollowing: What single item (import or export) surprised you themost for each country and why?


Answer & Explanation Solved by verified expert
3.8 Ratings (557 Votes)
1Exports Exports are easier to explain than imports At least since thebeginning of the industrial era almost three centuries agocountries exported goods and services becauseIndividuals and firms have been able to produce more goods    See Answer
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