Question

Which of the following could be a reason why the US both exports and imports cars?...

Which of the following could be a reason why the US both exports and imports cars?

Group of answer choices

A.US consumers are not interested in different types of cars.

B.Other countries do not want US cars.

C.US does not have any efficiencies in production of cars.

D.Not all cars are the same and US consumers may want to buy cars of a different make manufactured in another country.

0 0
Add a comment Improve this question Transcribed image text
Answer #1

D.Not all cars are the same and US consumers may want to buy cars of a different make manufactured in another country.

This is true for consumers from other countries as well who prefer cars from the US organizations or brands as well.

Add a comment
Know the answer?
Add Answer to:
Which of the following could be a reason why the US both exports and imports cars?...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Which of the following could partially explain why the terms of trade of developing countries are...

    Which of the following could partially explain why the terms of trade of developing countries are unlikely to improve over time? a. Developing-country imports mainly consist of primary products b. Prices of manufactured goods will fall relative to primary commodity prices c. Commodity export prices are determined in highly competitive markets d. Developing-country exports mainly consist of manufactured goods

  • 10) Suppose the US and Mexico both can produce cars and beer. The following chart shows...

    10) Suppose the US and Mexico both can produce cars and beer. The following chart shows what 100 workers can produce in one day in each country. Country Car Production-100 Beer Production (truckload)- 100 or workers workers United States 300 or 1200 Mexico 200 1000 or For this question, assume they can use the same workers to produce any amount in between the two and the opportunity cost is constant straight PPF a) Use the info in the table to...

  • Complete the following questions: use specific examples to support your answers. If exports increase and imports...

    Complete the following questions: use specific examples to support your answers. If exports increase and imports decrease in the U.S., what happens to the trade deficit? Will this help or hurt the U.S.? In what ways is a bigger trade deficit a problem for the country? What good is the deficit? Hint: Use the currency market supply and demand to determine the exchange rate. In what ways is the trade between countries increasing? Is trade good or bad for U.S.?...

  • International Trade Case

     Countries measure the health of their economies in many ways such as unemployment rates, consumer confidence, and Gross Domestic Product (GDP). Gross Domestic Product is a measurement of the amount of goods produced by a country in one year. If that number increases, our economy is growing, whereas a decrease would indicate a shrinking economy. To calculate expenditure GDP we add up all of the groups who buy goods in the economy (GDP = C + I + G +...

  • How to calculate gdp: Comsumption + investment + gov. Expenditures + (exports-imports) We dont include imports...

    How to calculate gdp: Comsumption + investment + gov. Expenditures + (exports-imports) We dont include imports because we dont want to include what they’re bringing in Problem 3 In Unit 13 we discussed how to measure GDP per capita and that it is used to measure the quality of life of citizens. This exercise will have you compare and contrast other measures of well being. The Better Life Index was created by the Organization for Economic Cooperation asure of the...

  • PROBLEM 1 Consider the typical HO setting: 2 countries, the United States and Canada,  produce two goods,...

    PROBLEM 1 Consider the typical HO setting: 2 countries, the United States and Canada,  produce two goods, maiz (corn) and cloth, with two factors, land and labor. Both countries share the same tastes and the same technology. Maiz production is land intensive, and therefore cloth production is labor intensive. Furthermore, resource endowments are as follows: in the US there are 100 units of labor and 100 of land, in Canada there are 60 units of labor and 90 of land. Which...

  • The trade theory that says the government should work to maintain and maximize a trade surplus...

    The trade theory that says the government should work to maintain and maximize a trade surplus is known as ________. Group of answer choices mercantilism absolute advantage comparative advantage import substitution _____________________________ Which one of the following is consistent with "mercantilism"? Group of answer choices establishing bilateral trading agreements with other countries limiting exports limiting imports and subsidizing exports encouraging the development of manufacturing in their colonies __________________________________________________ The campaign slogan "Buy American" is an example of which of the...

  • Questions: c) An emergency tariff on a wide range of imports would be effective in addressing...

    Questions: c) An emergency tariff on a wide range of imports would be effective in addressing U.S deficits and forcing other nations to purchase more U.S. exports; d) One reason the U.S. does not export more is lagging investment in domestic industries. Why Protectionism Cannot Cure the Trade Deficit The causal link between investment flows, exchange rates, and the balance of trade explains why protectionism cannot cure a trade deficit. In his 1997 book, One World, Ready or Not, Washington...

  • Question 201 pts Which of the following best describes the consumption of a non-rival good? Group...

    Question 201 pts Which of the following best describes the consumption of a non-rival good? Group of answer choices A consumer may obtain the good without preventing simultaneous consumption by another consumer A consumer may obtain the good with the consent of the provider A consumer may obtain the good without payment Flag this Question Question 211 pts Although a lack of information can cause a market to fail, why might some market participants withhold information from others? Group of...

  • 3. Which two sentences work together to express the topic of Paragraph 27 4. What is...

    3. Which two sentences work together to express the topic of Paragraph 27 4. What is the main idea of Paragraph 3? a. Citizens would benefit significantly from purchasing goods made in their country. b. It is advantageous for workers to adapt swiftly to dynamic economic conditions. c. Workers should change their circumstances as soon as the economy is hit with problems. d. Protectionist policies serve to help workers in certain industries keep their jobs. 5. What is the main...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT