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What is balance of trade?
Balance of trade is the relationship between a country's exports and imports. There is a trade surplus when a country's exports exceed its imports, and there is a trade deficit when a country's imports exceed its exports.
How are net exports calculated?
by subtracting a country's imports by the exports
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.
When net exports are negative what is best?
when the imports exceeds the imports then net exports are negative and positive is best for country.
If a country has a trade surplus?
Exports > imports
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)
What it is called when the value of imports exceeds the value of exports?
The difference between the value of a country's exports and the value of its imports. If the value of exports exceeds that of imports, a country is said to have a trade surplus, while the opposite case is called a trade deficit.
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 a fee a country charges on exports and imports?
It is tariff.
When a country's imports exceed its exports there is a trade what?
deficit
What are Iran's imports and exports?
Imports and Exports
What are goods brought into a country called?
They would be called exports.
