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Principle of Economics_Week 7 Discussion 1

Principle of Economics_Week 7 Discussion 1

Q Which one is better? – More exports or more imports?

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For a nation, it is better to maximize imports, exports, and total trade. Buying seems to be good equally as selling. Exports aren’t better in comparison to imports. Also, imports aren’t better in comparison to exports. Imports and exports are great and a nation’s wealth is increased. Differences are reflected in investment and savings by the surpluses and deficits in the current account. An equal surplus of financial account matches the deficit of the current account in the United States. Good investments happen to be beneficial mutually to both parties.