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• What happens when there is a surplus of imports brought into the U.S.? Cite a specific example of a product with an import surplus, and the impact that has on the U.S. businesses and consumers
involved.
Whenever there is a surplus of products, regardless of origin, the price drops. Even to the point of selling at a loss, the holder has already paid the invoice and taxes, but still has to pay storage, [ the longer it holds the product the more money it costs, selling at a loss moves the product out of storage and clears the store front for another product. Take the case of car sales, do you
really think that cutting $10,000 of the price of a $40K car makes sense if you can sell it for $40K. ]
Expert answered|Butterflybaby|Points 260|
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Asked 6/30/2012 6:22:52 PM
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Weegy: The largest autonomous factor is Federal Reserve notes. [ By conducting open market operations, imposing reserve requirements, permitting depository institutions to hold contractual clearing balances, and extending credit through its discount window facility, the Federal Reserve exercises considerable control over the demand for and supply of Federal Reserve balances and the federal funds rate. Through its control of the federal funds rate, the Federal Reserve is able to foster financial and monetary conditions consistent with its monetary policy objectives. I hope this helps! Thanks and have a great day! [smile] ] (More)
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