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What do you call the situation that exists when a nation exports more than it imports?
Wiki User
∙ 13y ago
trade surplus
Wiki User
∙ 13y ago
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What is favorable balance of trade?
A situation that exists when the value of a nation's exports is in excess of the value of its imports.
What are taxes on imports and exports called?
Taxes that are placed on imports and exports are referred to as tariffs. A debate exists regarding whether or not high tariffs help or hurt a nation's economy.
Nation's imports and its exports is referred to as?
Net exports or the balance of trade.
How do net exports help determine the nation's income?
When imports exceed exports, a trade deficit can occur
Would a nation rather have more imports or more exports?
export
What is favorable balance of trade?
A situation that exists when the value of a nation's exports is in excess of the value of its imports.
What are taxes on imports and exports called?
Taxes that are placed on imports and exports are referred to as tariffs. A debate exists regarding whether or not high tariffs help or hurt a nation's economy.
Nation's imports and its exports is referred to as?
Net exports or the balance of trade.
When the value of a nation imports exceeds the value of that nations exports the nation is said to have?
When nation's value of imports exceeds the value of its exports, it can be said that the nation has a trade deficit.
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)
Would a nation rather have more imports or more exports?
export
How do net exports help determine the nation's income?
When imports exceed exports, a trade deficit can occur
What is the difference in the value between what a nation imports and what it exports over time?
hairy nut nation
What is the balance of trade?
The balance of trade (or net exports, sometimes symbolized as NX) is the difference between the monetary value of exports and imports of output in an economy over a certain period. It is the relationship between a nation's imports and exports.
When a nation imports more than it exports economist say it has?
Its known as a trade surplus
What is the difference in value between what a nation imports and what it exports over time?
The the difference in value between what a nation imports and exports over time is called the trade balance. If a nation exports more than it imports, it has a trade surplus. If a nation imports more than it exports, it has a trade deficit. This trade balance can impact a nation's currency value and overall economic health.
When a nation imports more than it exports economists say it has what?
Its known as a trade surplus
