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What situation would probably produce a trade deficit for a country?
Wiki User
∙ 9y ago
If a natural disaster created scarcity of a raw material, it could decrease production. If this happens, the country could face a trade deficit and have to import the products.
Wiki User
∙ 9y ago
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What does the country produce?
Europe is not a country but a continent.
What three questions determine a country's economic system?
There are three simple questions an economy of a country must answer. They are "what to produce," "how to produce," and "for whom to produce."
What are three economic questions every country must answer?
What to produce. How to produce. and How much to produce.
What are the three economic questions that every country must answer?
What to produce. How to produce. and How much to produce.
When one country can produce a product more cheaply than another country. what can this be called?
When one country can produce a product more cheaply than another country this is called comparative advantage. When one country can produce more goods than another using an equal amount of resources, this is called absolute advantage.
Why a country may choose to produce below its production possibility curve?
A country may not choose to produce below it's ppc but the situation in that country derive it to do so
What is heat deficit?
Heat deficit refers to a situation where the body loses more heat than it can produce, leading to a drop in core body temperature. This might occur in cold environments or with prolonged exposure to cold temperatures without adequate protection. Symptoms of heat deficit can include shivering, confusion, and reduced coordination.
What is a advantageous?
A situation in which a country, individual, company or region can produce a good at a lower opportunity cost than that of a competitor
Why do officials in California monitor the transport of fresh produce in the state?
Officials in California monitor the transport of fresh produce in the state to make sure that everything coming in is legal and that there is no surplus or deficit.
When a country can produce many things but chooses to produce one main thing or just a few things this country is said to be?
When a country can produce many things but chooses to produce one main thing, or just a few things, this country is said to be
What does the country produce?
Europe is not a country but a continent.
What three questions determine a country's economic system?
There are three simple questions an economy of a country must answer. They are "what to produce," "how to produce," and "for whom to produce."
If a severe thunderstorm does not produce hail will it produce a tornado?
It can but probably won't
What does the country Europe produce?
Europe is not a country but a continent.
What are three economic questions that every country must answer?
What to produce. How to produce. and How much to produce.
What are three economic questions every country must answer?
What to produce. How to produce. and How much to produce.
What country Oceania or Australia produce the most bauxite?
Oceania is not a country. So that just leaves Australia as the country to produce the most bauxite.
