When country X imports goods from country Y,

Question

Quizplus · Accepted Answer

When country X imports goods from country Y, both countries benefit. Country X gets access to goods that they may not have been able to produce or obtain domestically, which can lead to better prices, greater variety, and increased efficiency. Country Y benefits from the revenue generated by the export of their goods, which can help to create jobs and improving the overall economic growth of the country. Additionally, this trade can help to foster international relationships and improve diplomatic ties between the two countries.

When Country X Imports Goods from Country Y