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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 are some examples of trade deficit?
oil imports greater than exports
What happens when level of imports is greater than level of exports?
A trade deficit
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
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 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 are some examples of trade deficit?
oil imports greater than exports
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 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.
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
What does a country experience when the total value of exports is higher than the total value of imports?
they will fell differentthey will
What happens when the level of imports is greater than the level of exports?
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.
Does France import more wine than it exports by volume?
No. Value of wine exports: 5.9 billion euro Value of imports: 526 million euros
