Some empirical trade economists have noted that for many products, countries are both importers and exporters. For examp

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Some Empirical Trade Economists Have Noted That For Many Products Countries Are Both Importers And Exporters For Examp 1 (10.7 KiB) Viewed 24 times

Some empirical trade economists have noted that for many products, countries are both importers and exporters. For example, India both imports and exports sports goods. How do you explain this? A. India has an absolute advantage in the production of sports goods, thereby allowing the country to both import and export OB. Countries that have a comparative advantage in producing certain goods expand their trade when exchange rates are favorable OC India has a comparative advantage in producing sports goods, where it allows other countries to produce those goods to keep the world market stable OD. Countries differentiate their products to cater to a wide variety of tastes that exist worldwide