0
Add your answer:
Earn +20 pts
When does a trade surplus occur?
When a country exports more goods then it imports
Does Italy have a trade deficit or a trade surplus?
Germany currently has a trade surplus. COOL HUH !
Does the UK have a trade surplus or trade deficit?
It has a surplus in trade of invisibles, and a deficit in trade of visibles.
How exchange rate has affected BOP?
If the amount spent on goods and service by UK buyers is greater than the amount received from selling goods and services abroad, the UK will experience a balance of payments deficit (trade deficit). If the reverse occurs then the UK will experience a balance of payments surplus (trade surplus)
Does China have a trade surplus or a trade deficit?
surplus Quantify the surplus amount as in March 2011
How did minoans create surplus?
The Minoans made their surplus of goods through trade.
Why did the Indus valley trade?
So that they could swap goods they had in surplus for goods they needed from elsewhere.
When does a trade surplus occur?
When a country exports more goods then it imports
How would you describe a trade surplus?
In order to have a trade surplus, a country must export (sell) more tangible goods than it imports (buys). If the opposite were true, a trade deficit would exist.
How can scarity of goods improve trade between cultures?
Crops were needed as a surplus
Why did Senator Albert J Beveridge claim that the U.S. needed to expand trade into overseas markets?
to sell America's surplus of goods
Why did colonist of Jamestown send surplus goods to England for trade?
English law required Colonists to trade with England.
Does Egypt have a trade surplus or trade deficit?
their trade surplus
Does Italy have a trade deficit or a trade surplus?
Germany currently has a trade surplus. COOL HUH !
Why did the colonists of Jamestown send surplus goods to England for trade?
English law required Colonists to trade with England.
How did the neolithic revolution affects the societies where it took place?
The societies were able to trade surplus goods with other societies.
What terms means the amount of goods sold abroad compared to what is bought abroad?
Trade balance refers to the difference between a country's exports and imports of goods. When a country exports more goods than it imports, it is said to have a trade surplus, and vice versa for a trade deficit.
