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A trade surplus is when exports exceed imports.
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∙ 8y ago
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What does it mean to an economy if exports exceed imports?
exports more than it imports
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.
When a country's imports exceed its exports there is a trade what?
deficit
What is trade surplus?
A positive balance of trade, exports exceed imports
What best describes a situation in which exports exceed imports?
trade surplus
What does it mean to an economy if exports exceed imports?
exports more than it imports
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.
When a country's imports exceed its exports there is a trade what?
deficit
What is trade surplus?
A positive balance of trade, exports exceed imports
What best describes a situation in which exports exceed imports?
trade surplus
What term explains a situation where imports exceed exports?
Trade Deficit
Which term explains a situation where imports exceed exports?
Trade deficit
When did the US imports firsts exceed its exports?
when democrats came to power
When exports exceed imports will the us dollar appreciate or depreciate?
Appreciate.
How do net exports help determine the nation's income?
When imports exceed exports, a trade deficit can occur
What is when a country's imports exceed it's exports?
If a country's export exceeds the import then the balance of trade is unfavorable.
What are taxes on imports or exports called?
Tarifffs
