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When a country imports more than it exports, it experiences a trade deficit. This situation can arise due to high domestic demand for foreign goods, lack of competitive local industries, or a stronger currency making imports cheaper. While a trade deficit can indicate robust consumer spending and access to a variety of products, it may also lead to increased foreign debt and economic vulnerabilities if sustained over time. Long-term trade deficits may require adjustments in economic policy to promote domestic production and reduce dependency on foreign goods.
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Which of the terms refers to the situation that results when a country imports more goods than it exports?
The situation where a country imports more goods than it exports is referred to as a "trade deficit." This occurs when the value of imports exceeds the value of exports over a specific period. A trade deficit can affect a country's economy by impacting its currency value and influencing domestic production and consumption patterns.
What term refers to the situation that results when a country imports more goods than it exports?
trade deficit
What do you call the situation that exists when a nation exports more than it imports?
trade surplus
When does a trade surplus occur?
When a country exports more goods then it imports
How are net exports determined?
Net exports are determined by subtracting a country's total imports from its total exports. If a country exports more goods and services than it imports, it has positive net exports, indicating a trade surplus. Conversely, if imports exceed exports, the country has negative net exports, or a trade deficit. Factors influencing net exports include exchange rates, domestic economic conditions, foreign demand, and trade policies.
What does adverse import mean?
a situation where a country has more visible imports than it has exports
Which of the terms refers to the situation that results when a country imports more goods than it exports?
The situation where a country imports more goods than it exports is referred to as a "trade deficit." This occurs when the value of imports exceeds the value of exports over a specific period. A trade deficit can affect a country's economy by impacting its currency value and influencing domestic production and consumption patterns.
What term refers to the situation that results when a country imports more goods than it exports?
trade deficit
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 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 do you call the situation that exists when a nation exports more than it imports?
trade surplus
When does a trade surplus occur?
When a country exports more goods then it imports
How are net exports determined?
Net exports are determined by subtracting a country's total imports from its total exports. If a country exports more goods and services than it imports, it has positive net exports, indicating a trade surplus. Conversely, if imports exceed exports, the country has negative net exports, or a trade deficit. Factors influencing net exports include exchange rates, domestic economic conditions, foreign demand, and trade policies.
What do you call a situation that exists when a nations imports are worth more that its exports?
This is called a trade defecit.
Why is it important for a country to have more exports than imports?
idgaf ,. i just want the answer
What does it mean to an economy if exports exceed imports?
exports more than it imports
When a country imports more than it exports us called what?
That is called a trade deficit.
