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When more goods are exported than imported the trade balance is said to be?
favorable
What is the main idea behind the theory of mercantilism?
import more goods than are exported---nova net
What made imported goods more expensive than local goods?
Taxation
What factor was necessary to maintain a favorable balance of trade in the 1600s and 1700s?
they exported more than they imported
What was the main idea behind mercantilism?
export more goods than are imported
When more goods are exported than imported the trade balance is said to be?
favorable
What is the main idea of the theory of mercantilism?
import more goods than are exported---nova net
What is the main idea behind the theory of mercantilism?
import more goods than are exported---nova net
What made imported goods more expensive than local goods?
Taxation
What economic advantages did the north have in the Civil War?
The north had more men that fought in the war than the south. They also had lots of goods that were imported and exported. The north also had a wide range of railroads.
To make money from its trade England had to import more goods than it exported true or false?
False, because To make money from its trade England had to export more goods than it imported. Same if ur in Mr.Wells class also so yea. You get all answers from here! lol.
What factor was necessary to maintain a favorable balance of trade in the 1600s and 1700s?
they exported more than they imported
What are protective tariiffs?
They are taxes placed on imported goods to increase the price and protect locally produced goods which may cost more than the imported similar goods.
What are the US roles in world economics?
not pay enough for imported goods, charge too much for exported goods, and tax too much so rich people can waste more money than some countries are worth...god bless America
What was the main idea behind mercantilism?
export more goods than are imported
What best describes the theory of the mercantilism?
export more goods than are imported.
What is it called when your exports are worth more than your imports?
When an entity's exports are worth more than imports, it is said to have a trade surplus. When more is imported than exported, it is called a trade deficit.
