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When a country consumes more than it produces, it typically runs a trade deficit. This means that it imports more goods and services than it exports, leading to an imbalance in its trade account. Such a situation can indicate a reliance on foreign goods and may affect the country's currency value and economic stability if sustained over time. It may also reflect a higher standard of living, but could lead to increased national debt if financed through borrowing.
What else can I help you with?
What country consumes more oil or petroleum than it produces?
Unites States
When does a country become an exporter of a good An importer?
A country becomes an exporter of a good when it produces more of that good than it consumes domestically, allowing it to sell the surplus to other countries. Conversely, a country becomes an importer when it consumes more of a good than it produces, necessitating the purchase of that good from foreign markets to meet domestic demand. Factors such as comparative advantage, production costs, and trade policies can influence a country's status as an exporter or importer.
What does the current accounts of a country measure?
A nations current account measures how much it lends or borrows from the world. A country where imports run ahead of exports is also spending more than it produces and must borrow abroad to make up the difference.
A system that produces more goods and services than citizens can consume?
A.Economy of abundance
When one country can produce a product more cheaply than another country. what can this be called?
When one country can produce a product more cheaply than another country this is called comparative advantage. When one country can produce more goods than another using an equal amount of resources, this is called absolute advantage.
What country consumes more oil or petroleum than it produces?
Unites States
What country consumes more tea than any country in the world?
England
Which country consumes more tea than anywhere?
Japan
What type of reactor produces more fuel than it consumes?
a fission nuclear reactor -binky
Which country consumes more tea than anyother?
Japan. They like their tea.
What conclusion can you draw from the fact that the US is the world's largest exporter of rice?
The U.S. produces more rice than it consumes.
This region produces more corn than any other region in the country?
The US produces more corn than any other country. The cornbelt is an area through the Midwest of the US that produces the most corn in the country.
What country produces more emeralds than any other country?
Brazil.
Can scientist produce an engine that produces more energy than it consumes?
No, it is not possible to create an engine that produces more energy than it consumes. This would violate the laws of thermodynamics, specifically the law of conservation of energy, which states that energy cannot be created or destroyed, only converted from one form to another.
Which country consumes more spicy foods than any other country in the world day after day?
India you fat ass!
What country consumes more macaroni and cheese than any other nation in the world?
Canada
What country produces more greenhouse gasses than the U.S.?
China produces significantly more greenhouse gasses than the U.S. But, the U.S. is second.
