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What happens to the price of exports and imports if the rand is weak against other currencies?
the imports will cost more were as you will get paid less for the exports.
When does a trade surplus occur?
When a country exports more goods then it imports
What happens to a country's currency when it imports more than it exports?
When a country imports more than it exports, it typically experiences a trade deficit. This can lead to a depreciation of the country's currency, as demand for foreign currencies increases to pay for the imports, while demand for the domestic currency decreases. A weaker currency can make imports more expensive and exports cheaper, potentially correcting the trade imbalance over time. However, sustained deficits may also raise concerns about economic stability and investor confidence.
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
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 happens to the price of exports and imports if the rand is weak against other currencies?
the imports will cost more were as you will get paid less for the exports.
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)
When does a trade surplus occur?
When a country exports more goods then it imports
What happens to a country's currency when it imports more than it exports?
When a country imports more than it exports, it typically experiences a trade deficit. This can lead to a depreciation of the country's currency, as demand for foreign currencies increases to pay for the imports, while demand for the domestic currency decreases. A weaker currency can make imports more expensive and exports cheaper, potentially correcting the trade imbalance over time. However, sustained deficits may also raise concerns about economic stability and investor confidence.
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
What does adverse import mean?
a situation where a country has more visible imports than it has exports
When a country imports more than it exports us called what?
That is called a trade deficit.
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.
When a country has a favorable balances of trade?
Balance of trade, or net exports as it is sometimes called, is the difference between the monetary value of exports and imports of an economy over a certain period of time. In other words, it denotes the relationship between a country's imports and exports. This may be positive or negative.A positive trade balance is known as a trade surplus and this happens when exports are more than imports. On the other hand, a negative trade balance is called as a trade deficit or a trade gap and results when the imports are more than . The balance of trade is sometimes divided into a goods and a services balance.A country attains favourable balance of trade, when its value of exports produced by that country and purchased by a foreign country is more than its imports. This is because it results in a net inflow of monetary payments into the country from the foreign sector. It is called favourable becasue it is beneficial to a country.M.J. SUBRAMANYAM, MUMBAI
Favorable balance of trade?
Country exports more than their total imports per capita
