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Why does the U.S import from other countries when it can make it itself?

To provide materials and goods that the US has a shortage of. Almost every country in the world imports what they are unable to produce on their own.


How did nationalism contribute to the outbreak of World War 1?

Nationalism makes people become proud of their country, or increases their pride, and in doing this in the years leading up to WWI, added to militarism and Imperialism. Countries built up their armies, added more weapons for more power, to show that they were better or deserved respect from the other countries. Countries raced to Africa for raw materials and thought they (vs other countries) should take over an area. By itself nationalism helped encourage countries to break away from other countries or from the empires that it was under (such as Serbia wishing to be its own country and not part of the Austria-Hungary Empire) and form their own countries. Many countries were formed as a result of WWI and nationalism. This is not a full and complete answer, but is just a summary. Rebellions in the Austrian empire. Ethnic groups saw their own nationality as superior to others.


Why might a country import goods they can produce themselves?

because the other country cant make everything to support its people and because its more harder,expensive or impossible to make in their country. Countries imports goods and services if they do not have them yet are need of them. For example, a country that does not produce oil may have to import from one that produces in order to keep the economy working.


Why the Spanish monopoly system was needed?

Spanish Monopoly System is all goods produced in the New World had to be exported to Spain and to no other country but Spanish countries and only in Spanish ships. Everything the colonists bought had to be imported from Spain itself and carried in Spanish ships


Why do countries need both imports and exports?

Imports and exports form part of a countries' international trade, and international trade is an important means by which countries build up its reserves of foreign currency. Generally speaking, countries import goods primarily to satisfy a demand for the good that is not produced within itself. For example, an industrialised country may import agricultural products, while an industrializing country may import high-value consumer electronics. Countries may also import goods in order to provide consumers with greater variety, and increase competition in the local market. From an economic standpoint, increased competition is usually favourable as it tends to improve the quality of goods and services, while lowering its market price. A country's exports allow the goods produced in the country to be delivered to a larger market. The ability to tap into greater demands allows for expansion of the scale of production. A larger scale of production then allows the suppliers to tap in favourable economies of scale that lowers the per unit cost of production, lowering market prices, ceteris paribus. Additionally, the sale of exported goods is often an important source of national income for the exporting country.

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