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What happens when level of imports is greater than level of exports?

A trade deficit


What happens when the level of imports is greater than the level of export?

A trade deficit


What happens when the level of imports is greater than the level exports?

A trade deficit


What happens when the level of imports is greater than the level of exports?

A trade deficit


What are some examples of trade deficit?

oil imports greater than exports


What happens when the level of importance is greater than the level of exports?

A trade deficit


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


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 of these will happen if a country imports less than it exports?

Net exports will be positive and will add to the calculation of GDP.


What happens when the level of import is greater than the level of exports?

A trade deficit


Why can't probability be greater than one or less than zero?

Probabilities are given a value between 0 (0% chance or will not happen) and 1 (100% chance or will happen). You cannot have a negative percent for something that will not happen or a percent greater than 100 for something that will happen.


Net exports is a negative number when?

This is when a countries imports are more than its exports itÊis most commonly referred to as a trade deficit. These terms are used in accounting and usedÊin explainingÊand calculating a countries GDP.