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goods and services bought from other countries are called imports.
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∙ 13y ago
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How would you define balance of trade?
The balance of trade, also known as net exports, is the difference between the dollar amount of merchandise exports and the dollar amount of merchandise imports.
Define current account deficit?
A current account deficit refers to a situation whereby a country imports more than they export.
What is an excess of imports over exports?
This would be a trade deficit, where the imports cannot be balanced by exports.
What situation would encourage the European Union to put tariffs on imports?
There are many situations that would encourage the European Union to put tariffs on imports. A good example is when the imports pose a threat to the local productions.
What would not increase GPD?
more imports
What is an example of a protectionists policy?
An example is a protectionist trade policy would be a tariff on imports, or quotas on the volume of imports.
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Why do you have imports and exports?
u have imports and exports so that the ine of trade can continue and think about it, if we didnt have chinas exports what would we have
How would you define library filing?
define library filing
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define the term "electromegnetism".
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