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Does the US have a favorable or unfavorable balance of trade?
Favorable
Why is it surprising that the US has a negative balance of trade?
It's surprising that the US has a negative balance of trade because it has long been one of the world's largest economies and a significant global producer. Typically, economically strong nations tend to export more than they import, leading to a trade surplus. However, factors such as a strong dollar, consumer demand for foreign goods, and shifts in manufacturing can contribute to persistent trade deficits. This situation raises questions about the sustainability of the US economy and its reliance on foreign products.
How does tariffs help us maintain a favorable balance of trade and balance of payments?
does Tariffs protect American jobs and wages.
What is the meaning of unfavorable balance of trade?
Let us first define what is the Balance of Trade (BOT). BOT is the difference between export earnings and import expenditure. Accordingly it called unfavorable balance of trade when the amount realized from physical (or tangible or visible) exports is less than the amount spent on physical imports, otherwise it is called 'favorable' Balance of Trade.
What factors played a role in America's economic stagnation?
Trade deficit, rising oil prices, declining value of the US dollar, and the war on terrorism are all factors of the economy.
Does the US have a favorable or unfavorable balance of trade?
Favorable
Does Mexico have a favorable balance of trade?
NO, US$16.8 billion in 2008
Is there a trade inblanse with Canada and Mexico?
You mean against the United States or between them? Mexican-Canadian trade balance usually favors Canada; in the case of US-Canadian and US-Mexican trade balance, it usually favors both Canada and Mexico.
Why is it surprising that the US has a negative balance of trade?
It's surprising that the US has a negative balance of trade because it has long been one of the world's largest economies and a significant global producer. Typically, economically strong nations tend to export more than they import, leading to a trade surplus. However, factors such as a strong dollar, consumer demand for foreign goods, and shifts in manufacturing can contribute to persistent trade deficits. This situation raises questions about the sustainability of the US economy and its reliance on foreign products.
How does tariffs help us maintain a favorable balance of trade and balance of payments?
does Tariffs protect American jobs and wages.
What is the meaning of unfavorable balance of trade?
Let us first define what is the Balance of Trade (BOT). BOT is the difference between export earnings and import expenditure. Accordingly it called unfavorable balance of trade when the amount realized from physical (or tangible or visible) exports is less than the amount spent on physical imports, otherwise it is called 'favorable' Balance of Trade.
Did the US consistently experienced balance of trade surpluses over the past thirty years?
no
What has happened to Mexico's balance of trade with the US since NAFTA took effect?
It became positive and grew exponentially. From a small negative balance of USD 1.66 billion in 1993 (bilateral trade amounted for 81.49 billion), nowadays it has a positive trade balance of 54.45 billion, and bilateral trade is 506.61 billion.
Is an accurate description of the foreign trade of the US?
The balance of trade deficit occurs only on the imports of goods and services and income receipts from foreign countries.
Would the US still have had a trade deficit with latin America without Mexico totals?
If you take Mexico out of the equation, balance would be positive by about US$ 11.4 billion. This is because trade with Mexico is larger that the trade with the rest of all Latin America combined:US-Central and South America Trade (2012):exports: US$ 183,187.8 millionimports: US$ 171,780.5 millionbalance: US$ 11,407.3 millionUS-Mexico Trade (2012)exports: US$ 215,931.2 millionimports: US$ 277,569.8 millionbalance: US$ -61,638.6 million
What the definition The amount of money a country brings in to the money that goes out?
It's called the balance of trade. Right now the US has a negative balance of trade with the rest of the world because we buy more goods (oil, Chinese imports, etc.) than we sell or export.
If you were a king what could you do to make sure your country has a favorable balance of trade?
You need to answer this question since it asks you what you would do not us. We don’t do homework.
