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What does it mean if net exports are negative?
Net Exports (X-I) equal Exports (X) minus Imports (I). If Net Exports are negative ( X - I < 0 ) it implies that Imports must be larger than Exports. The country is importing more than it is exporting. This is also known as a Trade Deficit or a Commercial Deficit.
What is one problem that may result when a nation imports more than it exports?
An imbalance between imports and exports occurs. It could mean a country is unable to cover the cost of importing, until money coming in through exporting comes in.
How does exchange rate changes affect imports and exports?
If you are exporting and your local currency becomes strong then your products become more expensive for your buyers. If you are importing and your local currency becomes weak then the products you are importing become more expensive.
When does a trade surplus occur?
When a country exports more goods then it imports
How do you increase the national income of a country?
More exports less inports
What does it mean if net exports are negative?
Net Exports (X-I) equal Exports (X) minus Imports (I). If Net Exports are negative ( X - I < 0 ) it implies that Imports must be larger than Exports. The country is importing more than it is exporting. This is also known as a Trade Deficit or a Commercial Deficit.
A problem that may result when a nation imports more than it exports is?
An imbalance between imports and exports occurs. It could mean a country is unable to cover the cost of importing, until money coming in through exporting comes in.
What is one problem that may result when a nation imports more than it exports?
An imbalance between imports and exports occurs. It could mean a country is unable to cover the cost of importing, until money coming in through exporting comes in.
How does exchange rate changes affect imports and exports?
If you are exporting and your local currency becomes strong then your products become more expensive for your buyers. If you are importing and your local currency becomes weak then the products you are importing become more expensive.
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 importing food?
Importing food is shipping food to your land from another land. This is desirable, however as a result the food is more expensive.
Which country exports more coffee than any other?
brazil
When does a trade surplus occur?
When a country exports more goods then it imports
How do you increase the national income of a country?
More exports less inports
How do you increase national income of the country?
More exports less inports
What country exports oil the most than any other nation?
Not one exports more, but a collection of 21 that belong to OPEC.
Which country has sugarcane and tobacco as the chief exports?
Cuba is a country with sugarcane and tobacco as the chief exports. These two crops have been major sources of income for the country for centuries, with sugar exports accounting for around 20% of Cuba's total exports and tobacco exports being a significant industry. For more information please visit the The Tobacco Institute of India website now.
