explain how a country can regulate imports and exports to manage resources. include a specific example

1 answer:

4 0

Answer: In today’s global economy, consumers are used to seeing products from every corner of the world in their local grocery stores and retail shops. These overseas products—or imports—provide more choices to consumers. And because they are usually manufactured more cheaply than any domestically-produced equivalent, imports help consumers manage their strained household budgets. When there are too many imports coming into a country in relation to its exports—which are products shipped from that country to a foreign destination—it can distort a nation’s balance of trade and devalue its currency. The devaluation of a country's currency can have a huge impact on the everyday life of a country's citizens because the value of a currency is one of the biggest determinants of a nation’s economic performance and its gross domestic product (GDP). Maintaining the appropriate balance of imports and exports is crucial for a country. The importing and exporting activity of a country can influence a country's GDP, its exchange rate, and its level of inflation and interest rates.

Explanation:

You might be interested in

What is the conflicts between maximus and commodus that drives the movie ?

kifflom [539]

Answer:

Commodus killed Maximus's wife and son, who is seeking for revenge.

Explanation:

Movie Gladiator is partially based on historical story about Marcus Aurelius and his son Commodus who inherited the throne of Roman Empire, which eventually led to its decline. Commodus is shown as an incompetent leader, while general Maximus is according to Aurelius the only one who can preserve the unity of the Empire. Aurelius died and Commodus wanted to remove Maximus as he was afraid that Maximus will inherit the throne. Commodus failed to kill him, but instead ordered his family to be killed. Devastated, Maximus is searching only for one thing - revenge, which he at the end accomplished.

3 0

3 years ago

40 points

Anna35 [415]

Answer:

Its b

Explanation:

Because "In 1947, President Harry S. Truman pledged that the United States would help any nation resist communism in order to prevent its spread. His policy of containment is known as the Truman Doctrine."

3 0

2 years ago

What helped create a new American identity during the period of the American Revolution?

erma4kov [3.2K]

Answer:

Although the women and slaves helped during the time of war, they were still neglected rights. After the war women went back to being treated the same way. They lacked voting rights, real jobs, they were unable to own land, and still could not divorce. Even though the Northwest Ordinance was established, it did not completely protect slaves in the Northwest. Africans in the North were still sold to slavery in the south, if a slave was caught running away they were sent back to their owner. Some Africans were sold to more labor.

Explanation:

6 0

2 years ago

Which political principle would john locke have rejected?

umka21 [38]

B.the king has unuestionable authority is the one john locke would reject.

7 0

3 years ago

Which individual freedom is protected under the Constitution?

Roman55 [17]

B. the freedom to assemble together for peaceful meetings

this freedom is protected by the first amendment to the constitution, which reads "Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances."

3 0

3 years ago

Read 2 more answers