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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.
What is it called when exports exceed imports?
A trade surplus is when exports exceed 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.
What is an excess of imports over exports?
This would be a trade deficit, where the imports cannot be balanced by exports.
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
Nation's imports and its exports is referred to as?
Net exports or the balance of trade.
If a country has a trade surplus?
Exports > imports
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.
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 are the trade barriers of Russia?
One of the trade barriers of Russia is the fact that it has placed very high tariffs on imports and exports. Other trade barriers include limits on exports and imports.
What is trade surplus?
A positive balance of trade, exports exceed imports
When a country's imports exceed its exports there is a trade what?
deficit
