answersLogoWhite

0


Best Answer

Exports and imports dipped during the year of 1808 because the United States had placed an embargo on trade with foreign nations.

User Avatar

Scarlett Bashirian

Lvl 10
2y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Why did export and imports dip during the year of 1808?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Continue Learning about Economics

Is export a verb?

Lumber is an export of Canada. Here is a noun.Wisconsin will export more milk this year. Here it is a verb.


What are the major imports of China?

The major things imported by China are medical equipment, including optical equipment, machinery, metals, and cars. China spends about $1.8 trillion dollars per year on imports.


How many barrels of oil does the US export per year?

The USA is a net importer of oil.


What is hawaiis imports and exports?

The state of Hawaii exports about $598 million worth of goods every year. Among them are pineapples, coffee, macadamia nuts, papaya, and tropical plants. Imports include propane, oil, meats, watches, beer, and wood furniture.


What is meant by deterioration in terms of trade and for what reason may this occur?

A deterioration in terms of trade is when a countries export prices decrease as compared to its import prices when comparing the current year with a base year. This may happen for a number of reasons including, but not limited to, a fall the the value of the currency on foreign markets (aka a devaluation of the currency) When a currency is devaluated, the price of the exports on the foreign markets appear cheaper and at the same time the imports appear more expensive. [this is for explanation only and not to be plagiarized and copied for an assignment] Therefore, the country would have to try and sell more of its exports in order to buy the same amount of imports. (ask if you want the effects of it on the economy) Another reason for this may be that the inflation rates in other countries have increased at a higher rate than in the country being discussed.[this is for explanation only and not to be plagiarized and copied for an assignment] This would make the imports from those countries more expensive and would lead to a deterioration in the terms of trade) A government subsidizing export goods would also make them cheaper on the foreign market. There are so many reasons it could happen but these are a few basic ones.