Exporting vs. Importing Decision

5. For this discussion, take the position of an American exporter doing business in the area of your residence and follow these steps:Find the price of a Big Mac at your local McDonald’s in the United States.Based on the list of countries in the “Big Mac Index” Table 8.5 of the textbook and using the first letter of your last name, identify a country that starts with that letter on the list. If the country is not listed with that letter, use the second or the third letter in your last name.In 200 to 250 words, discuss whether you should be exporting Big Macs or importing the burgers from that country. In addition to the price of a Big Mac expressed in U.S. Dollars in your chosen country, consider other issues that may impact your export or import decision. Provide at least two reasons for your decision. Be sure to respond to at least two of your fellow students’ posts.