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What is the law that cuts off imports from and exports to a specific country called?
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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 goods brought into a country called?
They would be called exports.
When a country imports more than it exports us called what?
That is called a trade deficit.
What are items from one country to another for sale called?
They are exports to the country selling them, imports to the purchasing country.
What is it called when exports exceed imports?
A trade surplus is when exports exceed imports.
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 it called when a country imports more than it exports?
it is call a defict..... I think
What are taxes on imports or exports called?
Tarifffs
What are taxes paid imports and exports called?
tariffs
What are taxes paid on imports and exports called?
tariffs
When a country has a favorable balances of trade?
Balance of trade, or net exports as it is sometimes called, is the difference between the monetary value of exports and imports of an economy over a certain period of time. In other words, it denotes the relationship between a country's imports and exports. This may be positive or negative.A positive trade balance is known as a trade surplus and this happens when exports are more than imports. On the other hand, a negative trade balance is called as a trade deficit or a trade gap and results when the imports are more than . The balance of trade is sometimes divided into a goods and a services balance.A country attains favourable balance of trade, when its value of exports produced by that country and purchased by a foreign country is more than its imports. This is because it results in a net inflow of monetary payments into the country from the foreign sector. It is called favourable becasue it is beneficial to a country.M.J. SUBRAMANYAM, MUMBAI
What is it called when exports are equal imports?
This is known as a balance of trade.
