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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.
Weegy: Is China’s low wage-advantage responsible for its enormous trade surplus with the U.S.? China’s low-wage advantage does provide some advantage in international trade, but as has been discussed in “Labor”, the huge number of U.S. [ imports from China are in labor-intensive products (toys, apparel, shoes, furniture) - industries that have largely moved outside of the U.S. for many years now. While China imports are only 7.5% of American ... (More)
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Asked 8/23/2012 7:10:45 PM
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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.
Weegy: 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 ... (More)
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Asked 8/23/2012 7:14:38 PM
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