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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.
Wiki User
∙ 9y ago
Wiki User
∙ 13y agoVirtually no country can produce enough of every kind of material it needs by itself.
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What does export and inport mean?
Export - selling goods out of the country/region (for example a country produces metal structures and sells them to the neighboring country) Import - purchasing goods in (for example a country needs to purchase grain because their own produce does not cover the needs)
Will a nation tend to export or import goods which it has a comparative advantage?
A nation will export goods for which it has a comparative advantage. By exporting goods, it has the comparative advantage because it means they have a lower opportunity cost for producing the good. A country can produce it well and can produce most likely a lot of it.
What is the importance of price in the production of goods?
The price in the production of goods determines if the country will import or export the good. If the country's price is above the world price, it will import the good because it will be cheaper for them to buy it than to make it. If the country's price is below the world price, it will export the good because it can produce the good at a lower price than the rest of the world.
What goods are imported and what goods are exported?
Every country imports and exports different goods so it is not possible to answer, however an import is a good that comes to the country from another country and exports are a country selling goods to another country.
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.
Write the difference between export and import?
Export is to send goods out of the country. Import is to bring goods into the country.
Why does Greece import and export goods?
No country can be self-sufficient in all desired goods so a country has to import. To pay for imports, a country exports the goods it produces.
Does the UK import goods?
Yes, it imports a huge amount of things. Like any country, it cannot grow or produce everything it needs, so it has to import a lot of things.
Why does France import?
It depends. If France needs something, example maple syrup from Canada, then they will import, but if they want to sell something, then they will sell it or export it to another country.Hope I helped!
What is goods taken into a country called?
import
What is a import quota?
An import quota is a limit on the amount of goods that can ENTER a country.
What is a major disadvantage in the use of import barriers to make domestic goods cheaper?
import manufacturers stop trying to send their goods to the country that has import barriers
What is the major disadvantage in the use of import barriers to make domestic goods cheaper?
import manufacturers stop trying to send their goods to the country that has import barriers
What does export and inport mean?
Export - selling goods out of the country/region (for example a country produces metal structures and sells them to the neighboring country) Import - purchasing goods in (for example a country needs to purchase grain because their own produce does not cover the needs)
What import and export is all about?
Goods going into and out of a country
Will a nation tend to export or import goods which it has a comparative advantage?
A nation will export goods for which it has a comparative advantage. By exporting goods, it has the comparative advantage because it means they have a lower opportunity cost for producing the good. A country can produce it well and can produce most likely a lot of it.
A country that cannot produce the goods it needs and has to import materials and products in order to survive is referred to as economically self-sufficient True or false?
false
