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Q: What is a situation that exists when a country imports more than it exports?
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What do you call the situation that exists when a nation exports more than it imports?

trade surplus


What is favorable balance of trade?

A situation that exists when the value of a nation's exports is in excess of the value of its imports.


What do you call a situation that exists when a nations imports are worth more that its exports?

This is called a trade defecit.


What is Trade complementarity?

Trade complementarity is when the exports of country a coincides with the imports of country b then complementarity exists.


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 payments equilibrium?

Point in trade with other countries that exists when: 1) Imports = exports. 2) Capital inflow = capital outflow.


Why is it important for a country to balance its exports and imports?

it is important for a country to balance its exports & imports because if a country imports more than it exports it has to borrow from a international organizations like the World Bank ,and will then have to repay the loan with high interest. this means it will have less to spend on services such as schools ,hospitals ,law and order ,roads , etc


When a backdraft situation exists it is important to?

What can be eliminated in. there is a situation that exists that needs attention


What exists when there is a difference the current situation and the desired one?

A problem is what exists when there is a difference between the current situation and the desired one.


What exists when there is difference between the current situation and the desired one?

A problem is what exists when there is a difference between the current situation and the desired one.


What exists when there is a difference between the current situation and the desire one?

A problem is what exists when there is a difference between the current situation and the desired one.


What exists when there is a difference between the current situation and the desired one?

A problem is what exists when there is a difference between the current situation and the desired one.