Suppose we (U.S.) refuse to sell goods to any country that reduced or halted its exports to us. Who would benefit and who would lose from such retaliation? Are there any alternative ways to ensure import supplies?
Looking for interesting opinions, thanks!
2007-09-19 17:00:53 · 2 answers · asked by burkehud 2 in Social Science ➔ Economics
no one - in this era of globalization its best to hv a total free market and govt shld impose least controls. alternative supplies may be more expensive. its not worth it. usa economy is one of the freeiest and shld remain so
2007-09-19 19:39:50 · answer #1 · answered by Anonymous · 0⤊ 0⤋
There is a world market in almost all products and no country is the majority supplier in any good or service with the possible exception of a few rare minerals in Africa. Unilateral boycotts would just shift who bought from whom, and the disturbances caused would be temporary.
2007-09-20 03:01:01 · answer #2 · answered by meg 7 · 0⤊ 0⤋