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Nearly every country in the world uses protective tariffs to limit or restrict their imports and exports?
Wiki User
∙ 9y ago
These protective tariffs ensure that a country does not export too many products until it runs out of the products or resources. The tariffs also protect its citizens from unfair competition by importers.
Wiki User
∙ 9y ago
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What is balance of trade?
Balance of trade is the relationship between a country's exports and imports. There is a trade surplus when a country's exports exceed its imports, and there is a trade deficit when a country's imports exceed its exports.
Do nearly every country in the world uses protective tariffs to limit or restrict their imports and exports?
They do, but bear in mind that these countries also have various free trade agreements, so that a lot of trade is not limited by tariffs. Only some trade is limited.
How are net exports calculated?
by subtracting a country's imports by the exports
What are the imports and exports from basque country?
exports: wine and machinery
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.
When net exports are negative what is best?
when the imports exceeds the imports then net exports are negative and positive is best for country.
If a country has a trade surplus?
Exports > imports
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 it is called when the value of imports exceeds the value of exports?
The difference between the value of a country's exports and the value of its imports. If the value of exports exceeds that of imports, a country is said to have a trade surplus, while the opposite case is called a trade deficit.
What is known as imports and exports?
Imports are goods or services brought into a country from another. Exports are goods and services sold to other countries.
What is a fee a country charges on exports and imports?
It is tariff.
When a country's imports exceed its exports there is a trade what?
deficit
