The phenomenon in which a country's imports affect its exports and its exports affect its imports is referred to as

Question

Quizplus · Accepted Answer

The phenomenon described in the question is called the trade feedback effect. This means that changes in a country's imports can affect its exports and vice versa. For example, if a country imports a lot of raw materials, this could lead to an increase in its exports of finished goods. On the other hand, if a country's exports are booming, this could lead to an increase in imports of raw materials to produce those goods. The other options (B, C, D) are not commonly used terms to describe this specific phenomenon.

The Phenomenon in Which a Country's Imports Affect Its Exports