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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.
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What term refers to the situation that results when a country imports more goods than it exports?
trade deficit
How are exports and imports related?
Exports and imports are interconnected components of international trade. Exports represent goods and services produced domestically and sold to foreign markets, while imports are products and services bought from other countries. The balance between exports and imports influences a nation's trade balance, economic growth, and currency value. A country with higher exports than imports typically experiences a trade surplus, while the opposite results in a trade deficit.
How do imports and exports affect the Balance of Trade?
Imports and exports are crucial components of a country's Balance of Trade, which measures the difference between the value of goods and services exported and those imported. When a country exports more than it imports, it experiences a trade surplus, positively impacting its economy. Conversely, if imports exceed exports, it results in a trade deficit, which can lead to economic challenges. Therefore, a favorable balance is typically sought to promote economic stability and growth.
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
What is the total value of the nation's exports compared to its imports measured over a specific period of time called?
The total value of a nation's exports compared to its imports over a specific period of time is called the trade balance. When exports exceed imports, it results in a trade surplus, while the opposite leads to a trade deficit. This measure is an important indicator of a country's economic health and international trade performance.
What term refers to the situation that results when a country imports more goods than it exports?
trade deficit
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
What is the total value of the nation's exports compared to its imports measured over a specific period of time called?
The total value of a nation's exports compared to its imports over a specific period of time is called the trade balance. When exports exceed imports, it results in a trade surplus, while the opposite leads to a trade deficit. This measure is an important indicator of a country's economic health and international trade performance.
What results when a country exports more goods than it imports?
It has a superavit on its commercial swinging and so it becomes wealthier when compared to that other country. But what counts is the global commercial swinging, for a determined country. There are two kind of superavits:Superavit country to country, and global superavit. King elcid.
The results of the blockade of British ports was that?
Exports to France were haulted. France exports were halted.
What results from a country not being able to pay its international debt?
Confidence in the country's economic system and its ability to repay its debts becomes diminished in such a situation.
Explain the conditions that results in a deadlock situation?
You choke.
Discuss the role of state trading organisation in canalisation of exports?
Results for 'Discuss the role of currency in promoting or limiting international trade between countries
How long does it take to get back cervical biopsy results?
I think it differs from country to country. iIn the country I live in now, I have to wait 3 weeks for my results. But I did the same test in Canada about 10 years ago, and I had my results within a week.
Why has the US trade deficit growing so rapidly since the end of World War 2?
The U.S. trade deficit has grown significantly since World War II primarily due to increased consumer demand for imported goods, as well as the globalization of supply chains that allows for cheaper foreign production. Additionally, the U.S. economy has transitioned to a service-oriented model, which often results in higher imports of manufactured goods. Trade policies, currency valuation, and economic shifts, such as the rise of emerging markets, have also contributed to the widening gap between imports and exports.
What is the relationship between the trade balance and the current account in the context of international economics?
The trade balance and the current account are closely related in international economics. The trade balance measures the difference between a country's exports and imports of goods and services, while the current account includes the trade balance along with other financial transactions such as income from investments and transfers. A surplus in the trade balance typically leads to a surplus in the current account, indicating that a country is exporting more than it is importing and earning more from foreign investments than it is paying out. Conversely, a deficit in the trade balance usually results in a deficit in the current account, showing that a country is importing more than it is exporting and paying out more in foreign investments than it is earning.
What were two results of Jean-Bertrand Aristide's forced exile from Haiti?
Following Jean-Bertrand Aristide's forced exile from Haiti, there was increased political instability and violence in the country. Additionally, the international community imposed economic sanctions on Haiti, further worsening the country's economic situation.
