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If a nation exports much of its output but imports little will it be better or worse off?
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Nation's imports and its exports is referred to as?
Net exports or the balance of trade.
How do net exports help determine the nation's income?
When imports exceed exports, a trade deficit can occur
Would a nation rather have more imports or more exports?
export
What is the difference in the value between what a nation imports and what it exports over time?
hairy nut nation
What are taxes on imports and exports called?
Taxes that are placed on imports and exports are referred to as tariffs. A debate exists regarding whether or not high tariffs help or hurt a nation's economy.
Nation's imports and its exports is referred to as?
Net exports or the balance of trade.
What is the difference in value between what a nation imports and what it exports over time?
The the difference in value between what a nation imports and exports over time is called the trade balance. If a nation exports more than it imports, it has a trade surplus. If a nation imports more than it exports, it has a trade deficit. This trade balance can impact a nation's currency value and overall economic health.
When the value of a nation imports exceeds the value of that nations exports the nation is said to have?
When nation's value of imports exceeds the value of its exports, it can be said that the nation has a trade deficit.
What is the term used by economist to describe where a nation exports more than it imports?
The country's net exports are positive(net exports being exports minus imports)
What is the difference in value between what a nation imports and what it exports?
The difference in value between what a nation imports and what it exports is called the trade balance. If a country exports more than it imports, it has a trade surplus. If it imports more than it exports, it has a trade deficit. A balanced trade is when a country's imports and exports are equal.
How do net exports help determine the nation's income?
When imports exceed exports, a trade deficit can occur
Would a nation rather have more imports or more exports?
export
What is the difference in the value between what a nation imports and what it exports over time?
hairy nut nation
What are taxes on imports and exports called?
Taxes that are placed on imports and exports are referred to as tariffs. A debate exists regarding whether or not high tariffs help or hurt a nation's economy.
What is the balance of trade?
The balance of trade (or net exports, sometimes symbolized as NX) is the difference between the monetary value of exports and imports of output in an economy over a certain period. It is the relationship between a nation's imports and exports.
When a nation imports more than it exports economist say it has?
Its known as a trade surplus
When a nation imports more than it exports economist say it has what?
Its known as a trade surplus
