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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 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 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 does it mean to an economy if exports exceed imports?

exports more than it imports


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.


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 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 happens when a country imports more than it exports?

It would have what is known as a Trade Surplus.


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

A 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.