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Which item did England export in an attempt to battle its trade deficit with China?
Wiki User
∙ 15y ago
Opium, England was paying out too much of its gold reserves to china for it's tea so to overcome this the clipper ships that picked up the tea from china were filed up with opium to trade for the tea instead of gold. Eventually when china became aware of the damage this was doing to its people and economy they tried to stop this practice leading to the opium wars. Which item contributed most to England's trade deficit with China? Tea
Wiki User
∙ 15y ago
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What is visible trade deficit?
visible trade deficit occurs when import expenditure exceeds the export revenue.
How does a country create a trade deficit?
wen the countries import is more than the export which will leads to the trade deficit in that country.
What happens when the level of imports is greater than the level of export?
A trade deficit
When a nation's exports exceed its import what is it called?
When a country' import exceed it's export is called Deficit then when a county's export exceed it import is called surplus.
What does a persistent trade deficit cause?
A persistent trade imbalance can cause a chain reaction that affects income and employment.
Which item did England export to China in an attempt to battle its trade deficit with that country?
Opium-
What term describes import and export?
trade deficit
Trade deficit can be calculated by?
Export access import
What is visible trade deficit?
visible trade deficit occurs when import expenditure exceeds the export revenue.
How does a country create a trade deficit?
wen the countries import is more than the export which will leads to the trade deficit in that country.
Define current account deficit?
A current account deficit refers to a situation whereby a country imports more than they export.
What is it called when a country's imports exceed its export?
China
What happens when the level of imports is greater than the level of export?
A trade deficit
How do you avoid deficit?
Export more than you import don't purchase what you can't afford
What is visible trade?
visible trade deficit occurs when import expenditure exceeds the export revenue.
Does France export more goods or import more goods?
France imports more goods than it does export. That means France is a trade deficit country.
When a nation's exports exceed its import what is it called?
When a country' import exceed it's export is called Deficit then when a county's export exceed it import is called surplus.
