Re: Question for Economists
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Yes, I believe that the Nike shoes made abroad and sold in the U.S. are counted as imports.
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My understanding of the accounting of these sorts of goods is that the trade balance is only modified by the amount of the contract with the foreign supplier, not for the retail price of the shoes. Much of the retail price goes to the retailer and the US distributor; more goes to Nike for research/development/management.
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