Why is the United States both an exporter and importer of such products as vehicles and passenger aircraft?
A)Buyers procure similar products for replacement parts.
B)Transportation costs and cultural differences limit exporters.
C)Companies differentiate products to appeal to different consumers.
D)Bilateral trading agreements require this interchange for a number of products.

Question

Quizplus · Accepted Answer

Companies differentiate their products for different consumers, creating demand for both the products exported and imported. This is especially true for vehicles and passenger aircraft since different countries have different regulatory standards and preferences for style and design. Additionally, exporting and importing allows for greater access to global markets, which can provide financial benefits for the companies involved.

Why Is the United States Both an Exporter and Importer