How can a nation benefit from effectively exporting its goods? a. its citizens can buy cheaper goods. b. its businesses can invest in the future. c. its domestic spending increases. d. its citizens have more money.

The second answer is correct (B).

Financial and productive globalization has brought to the world the possibility of greater integration through the intensification of trade among nations.

A nation exports goods to which it has a productive advantage over importing countries, whether technological knowledge, natural resources, supply of labor, regional characteristics or more of one of these factors. In this way, a country can specialize in one good and import others that another country produces more effectively.

In any case, when a country exports, money from another country is received and the country becomes richer, being able to leverage investments in the future.

Its business can invest in future, if a country effectively exports its goods. Therefore the correct answer is B.

If a country produces goods and services and sells it to the residents of other countries, then such a country is exporting its product and services.

There are two elements of international trade, they are:

Economically, if a country exports are more than its import, it implies such a country has a trade surplus but if its import is more than its export, then it means such a country has a trade deficit.

For proper clarification, between January and August 2018 the United States economy has a trade deficit because the country imported goods were $1.6 trillion and within the same period, the U.S exported $1.2 trillion goods which resulted in a deficit of $565.6 billion

Some of the benefits that countries derived from exporting their goods and services include

LEARN MORE:

KEYWORDS:

answer; ( elites );