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What is known as imports and exports?
Imports are goods or services brought into a country from another. Exports are goods and services sold to other countries.
What is it called when exports are equal imports?
This is known as a balance of trade.
What did Montreal used to be known as?
The settlement that would become Montreal, Quebec was known as Ville-Marie.
What does it mean if net exports are negative?
Net Exports (X-I) equal Exports (X) minus Imports (I). If Net Exports are negative ( X - I < 0 ) it implies that Imports must be larger than Exports. The country is importing more than it is exporting. This is also known as a Trade Deficit or a Commercial Deficit.
When a nation imports more than it exports economists say it has what?
Its known as a trade surplus
When a nation imports more than it exports economist say it has?
Its known as a trade surplus
When a nation exports more than it imports economists say it has .?
Its known as a trade surplus
When a nation imports more than it exports economist says it has what?
Its known as a trade surplus
When a nation exports more than it imports economists say it has?
Its known as a trade surplus
When a nation imports more than it exports economist say it has what?
Its known as a trade surplus
When a nation imports more than it exports economists say it has a?
Its known as a trade surplus
What did the settlements of Quebec Montreal and Nova Scotia become known as?
New france
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