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Why are terms of trade important?
Terms of Trade refers to the value of the country's exports relative to that of the country's imports. If a country's terms of trade is less than 100% there is more capital leaving the country, buying imports, than there is coming in from exports. It is possible to determine the health of the country's economy from these figures
When does a trade surplus occur?
When a country exports more goods then it imports
What is the relationship between a nation's imports and exports, and how does it impact the economy?
The relationship between a nation's imports and exports is known as its balance of trade. When a country exports more goods and services than it imports, it has a trade surplus. This can lead to economic growth, job creation, and a stronger currency. Conversely, a trade deficit, where a country imports more than it exports, can lead to a weaker currency, inflation, and potential job losses. Overall, a balanced trade relationship is important for a healthy economy.
What does it mean to an economy if exports exceed imports?
exports more than it imports
When a country imports more than it exports us called what?
That is called 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.
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)
Why are terms of trade important?
Terms of Trade refers to the value of the country's exports relative to that of the country's imports. If a country's terms of trade is less than 100% there is more capital leaving the country, buying imports, than there is coming in from exports. It is possible to determine the health of the country's economy from these figures
When does a trade surplus occur?
When a country exports more goods then it imports
What is the relationship between a nation's imports and exports, and how does it impact the economy?
The relationship between a nation's imports and exports is known as its balance of trade. When a country exports more goods and services than it imports, it has a trade surplus. This can lead to economic growth, job creation, and a stronger currency. Conversely, a trade deficit, where a country imports more than it exports, can lead to a weaker currency, inflation, and potential job losses. Overall, a balanced trade relationship is important for a healthy economy.
What does it mean to an economy if exports exceed imports?
exports more than it imports
When a country imports more than it exports us called what?
That is called a trade deficit.
What does adverse import mean?
a situation where a country has more visible imports than it has exports
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.
Favorable balance of trade?
Country exports more than their total imports per capita
How much Pakistan export and imports?
imports more that it exports
If a country exports more than it imports is it better of worse off?
It is an economic advantage for a country to export more than it imports, because this will give it extra money which it can then invest in other countries.
