Question

1)As a consumer, why should you be happy when the United States begins importing a product that you like to buy?     

2) As a producer, why should you be happy when the United States begins exporting the product you sell?           

Answer 1

1) When the United States begins importing a good its domestic consumers like, then it leads to increase in consumer satisfaction and allows the consumers to have lot of options and variety of product and price range. Imports allow the consumers to choose and decide different qualities and compare goods in their country with that of importing country.

2) Whenever United states begins exporting the products of its domestic production, this leads to rise in domestic production and increase in profit margins. Since the country is promoting exports and encouraging them, this will allow the domestic producers to have access to different market leading to increase in market share and more consumers and more product reach. Exports make producers happy as it promotes revenue and profit increase.