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What term explains a situation where imports exceed exports?
Trade Deficit
What best describes a situation in which exports exceed imports?
trade surplus
What is it called when exports exceed imports?
A trade surplus is when exports exceed imports.
What does it mean to an economy if exports exceed imports?
exports more than it imports
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.
What term explains a situation where imports exceed exports?
Trade Deficit
What best describes a situation in which exports exceed imports?
trade surplus
What is it called when exports exceed imports?
A trade surplus is when exports exceed imports.
What does it mean to an economy if exports exceed imports?
exports more than it imports
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.
When a country's imports exceed its exports there is a trade what?
deficit
What is trade surplus?
A positive balance of trade, exports exceed imports
When exports exceed imports will the us dollar appreciate or depreciate?
Appreciate.
When did the US imports firsts exceed its exports?
when democrats came to power
How do net exports help determine the nation's income?
When imports exceed exports, a trade deficit can occur
What is when a country's imports exceed it's exports?
If a country's export exceeds the import then the balance of trade is unfavorable.
What is marshall lerner condition?
The condition that the sum of the elasticities of demand for exports and imports exceed one (in absolute value); that is, hX + hM > 1, where hX, hM are the demand elasticities for a country's exports and imports respectively. Assuming the current account balance = 0 and supply elasticities are inifinte (necessary but not sufficient) this is the condition for a depreciation to improve the trade balance
