So, if one consumer purchases a single Canadian made shovel for $50 and
ten
consumers purchase a Chinese made shovel for $5 the market is even? I
think
not. 1 Canadian shovel does not equal 10 Chinese shovels.

In the economy and especially in things like balance of payments,
exactly the same. Besides, this tells nothing about the quality or
anything else of interest about the shovels. Differences in steel, for
instance between the two.

My point is that eventually all that folks will buy is the $5 shovel and
then what happens to the company making $50 shovels?