Respuesta :

Imports are products that are bought from one country for use in another just as the u.s. buys wood pulp and timber from Canada.

What are imports?

  • Imports are transactions in goods and services from non-residents to a resident of a jurisdiction (such as a nation).

  • In national accounts, the precise definition of imports includes and excludes specific "borderline" cases.

  • Importation is the purchase or acquisition of goods or services from a country or market other than one's own.

  • Imports are important for the economy because they allow a country to supply its market with products from other countries that are otherwise unavailable, scarce, expensive, or of low quality.

  • The following is a general delimitation of imports in national accounts:
  1. An import of a good occurs when ownership passes from a non-resident to a resident; this does not always imply that the good in question physically crosses the border.
  2. However, in some cases, national accounts impute ownership changes even when no such change occurs in legal terms (e.g. cross border financial leasing, cross border deliveries between affiliates of the same enterprise, goods crossing the border for significant processing to order or repair).
  3. Smuggled goods must also be included in the import calculation. Services imports include all services provided by non-residents to residents.
  4. In national accounts, any direct purchases made by residents outside a country's economic territory are recorded as imports of services; thus, all expenditure by tourists in another country's economic territory is considered part of the imports of services.
  5. International flows of illegal services must also be considered.

To know more about imports, refer to:

https://brainly.com/question/13269427

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