Question:
How can the State of the World Economy affect Imports and Exports? Use Britain and Ireland as example s
Author: eric_galvaoAnswer:
-Higher a Nation Real Income, then they will Import More. So Net Exports will Fall as a result -Ireland is experiencing Negative Economic Growth, and Britain is its main Exporter. Britain will see [If Imports stay the Same] a Worse Net Exports as Ireland starts Importing Less. The Opposite [Ireland has Economic Growth] is True [Britain is better off]
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