How do goods allow the economies of other nations to impact the United States? What is the connection here?
Answers
Answer:
Amid a renewed focus on boosting U.S. exports, it is important to bear in mind that imports benefit Americans as well. They bring lower prices and more choices for American families as they try to stretch their budgets. Companies also depend on imports for raw materials and competitively priced inputs.
Imports give us access to products that would not otherwise be available—such as fresh fruit in the winter. Access to imports boosts the purchasing power of the average American household by about $18,000 annually.
Companies’ imports of intermediate goods, raw materials, and capital goods account for more than 60% of all U.S. goods imports—lowering costs for manufacturers and other businesses and helping them hone their competitive edge.
Answer:
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Explanation:
A mid a renewed focus on boosting U.S. exports, it is important to bear in mind that imports benefit Americans as well. They bring lower prices and more choices for American families as they try to stretch their budgets. Companies also depend on imports for raw materials and competitively priced inputs.
Imports give us access to products that would not otherwise be available—such as fresh fruit in the winter. Access to imports boosts the purchasing power of the average American household by about $18,000 annually.
Companies’ imports of intermediate goods, raw materials, and capital goods account for more than 60% of all U.S. goods imports—lowering costs for manufacturers and other businesses and helping them hone their competitive edge.