For a nation to maximize its productivity in a global economy:

Question

Quizplus · Accepted Answer

Both imports and exports are necessary for a nation to maximize its productivity in a global economy. Imports allow a country to obtain the resources it lacks, such as raw materials or specialized equipment, and also provide access to new technologies and products. On the other hand, exports allow a country to sell its goods and services on the global market, increasing its revenue and stimulating economic growth. By balancing imports and exports, a nation can optimize its production capacity and competitiveness in the global economy.

For a Nation to Maximize Its Productivity in a Global