The requirement is to write a short essay of not less than five hundred words. Although the word requirement is low but the requirement content is absolutely professional as well as high level.
The theme is
“What is exporting and importing services and how does that affect these countries general welfare, given some examples?”.
If possible, please also provide the notes you made during the completion of my case
I have attached my course content to guide you on what we are doing, let you answer revolve around the same
Answer previewSecondly, it allows the customers to have a large selection of goods they need. Importation enables citizens of a particular country to have a variety of goods and services and choose a combination of products that satisfy them most. Therefore, the importation of goods and services improves the buyers’ utility. Also, it allows people to buy goods at the lowest price. For instance, importation of cheap products from countries like China, Canada, Vietnam, and Japan, the USA improves the Americans’ welfare (Foster-McGregor, Isaksson, & Kaulich, 2015). It helps the customers to spend less on purchasing imported goods or services in the country. Also, importing services allows the country to generate income through tax. The government charges the duty on the goods imported in the country, which is used provision of the essential services in the country.
[647 Words]
