At one time, it was believed that the way for a nation to prosper was to export as much as possible while importing as little as possible. More money would flow into a country than out of a country. Is this really a sound economic strategy? What is the relationship between exports and imports?

Answer rating: 100% (QA)

The belief that a nation should focus on exporting as much as possible while importing as little as possible with the aim of having more money flowing into the country than out is based on a perspecti... View the full answer