Question

In your post, address the following questions:

• What types of products do the US export and what types of products do we import?
• Why do you think those are the products we export or import?
• How does the strength of the dollar impact imports and exports?

Where appropriate, cite examples from your text or other readings.

Answer 1

QUESTION-FIRST

• united states export majorly the airlines and defense equipment to other countries like aircraft,helicopters.it also exports refined and treated petroleum,electronic cars,material concerned with medical field etc.
• USA imports technical knowledge,wire and cables,electrical equipments,crude oil,furniture,spices etc from different countries of the world.

QUESTION-SECOND

• exports refers to those products in which the exporter country has specialization and efficiency in the production.this means USA would export the product in which it has absolute and comparative advantage.
• imports refer to a dealing when the importing country is either unable to produce a particular commodity or it can import this commodity at a cheaper price rather than producing the commodity.

QUESTION-THIRD

• when the dollar gets stronger then the country can import a determined quantity of goods with lesser quantity of currency this means when the dollar gets stronger then the imports become cheaper.country can import more goods because the real income of country has been increased.
• assuming the same condition if the dollar gets stronger in the international market then the importing country would have to pay more amount for the same goods compare to the earlier deal.that means the export would become dearer and therefore the other country's would try to find some other trade partners to avoid the dearer imports from USA and thus the exports of USA may decline.