Michael NaoumProfessor GurfienINBS 250-04December 12, 2013Exports vs ImportsExports and imports may seem like two simple words throughout the English language. Many people understand exports and imports as simple concepts used every day. However, these terms have more personality than the normal dictionary definition that the average person respects. Exports and imports have a huge impact on the consumer and the economy around them. Currently, the world is moving towards a global economy, which means that each country's economy impacts that of another. For example, if the US economy were to collapse, it would have a significant effect on the Chinese economy, as exports and imports play an important role there. This can be a difficult concept to understand, but topics such as the effects on the economy, the effect of exchange rates, and the effect of inflation and interest rates are areas that, when explained , will clear up most of the gray areas for the average person. the inner product is a key concept for understanding what invo...