The bright side to Imports---They help us Export! Huh? Answer within...
I was quite surprised by this graph. A little over half of the dollar value of imports into the US are in the form of inputs---goods used as a component in a finished good (Industrial Supplies) or are used to make other goods (Capital Goods). Ultimately both contribute to the manufacture of a finished product MADE IN THE USA, to be either sold domestically or exported. I am just a high school econ teacher, but I think that means jobs for Americans. I pose the question: Why is our trade deficit such a problem? (HT: CafeHayek)
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