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When the value of the product s a country imports is greater than the value of the products it exports the country has an?
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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.
What is the difference between a favorable and an unfavorable balance of trade?
noun the difference between the values of exports and imports of a country, said to be favorable or unfavorable as exports are greater or less than imports. ----
What does it mean for a country to have a trade deficit or surplus?
If a given country imports a greater amount of products of whatever sort (in terms of the money that it pays for them) than it exports (in terms of the money that it receives for them), then its money supply is diminishing, and it has a trade deficit. If, on the contrary, it exports more than it imports, then its money supply will increase, and it has a trade surplus.
According to the theory of mercantilism a country has a favorable balance of trade when?
the value of exports is greater than the value of imports
How are net exports calculated?
by subtracting a country's imports by the exports
What is Tennessee imports and exports?
imports from exports to Food Products $648,802,090 Tennessee $542,927,280 Other country/state Paper Products $650,649,948 Tennessee $496,002,193 Other country/state Rubber and Plastics $835,365,942 Tennessee $572,370,418 Other country/state
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.
What is the difference between a favorable and an unfavorable balance of trade?
noun the difference between the values of exports and imports of a country, said to be favorable or unfavorable as exports are greater or less than imports. ----
What does it mean for a country to have a trade deficit or surplus?
If a given country imports a greater amount of products of whatever sort (in terms of the money that it pays for them) than it exports (in terms of the money that it receives for them), then its money supply is diminishing, and it has a trade deficit. If, on the contrary, it exports more than it imports, then its money supply will increase, and it has a trade surplus.
According to the theory of mercantilism a country has a favorable balance of trade when?
the value of exports is greater than the value of imports
How are net exports calculated?
by subtracting a country's imports by the exports
What are the imports and exports from basque country?
exports: wine and machinery
What is the difference in value between what a nation imports and what it exports?
The difference in value between what a nation imports and what it exports is called the trade balance. If a country exports more than it imports, it has a trade surplus. If it imports more than it exports, it has a trade deficit. A balanced trade is when a country's imports and exports are equal.
What are India's imports and exports?
India has a number of imports and exports. Some imports include crude petroleum, gold, and silver. Some exports include petroleum products, gems, as well as jewelry.
What are imports and exports for Nigeria?
there imports=machinery, heavy equipment, conmsumer goods and food products. exports= oil and natural gases.
What are the imports and exports of Kenya?
Exports of Kenya are Tea, Coffee, Horticulture products, Petrolium Products, Fish, an cement.
When net exports are negative what is best?
when the imports exceeds the imports then net exports are negative and positive is best for country.
