Admin Table of Contents
- 1 When a nation must import much more than it exports the nation experiences a?
- 2 When the value of a nation’s imports exceeds the value of that nation’s exports?
- 3 What is the trade alliance that establishes guidelines for international trade?
- 4 When a country imports more than it exports What is the value of the net exports?
- 5 Why is international trade important to a nation?
- 6 What is the difference in value between a country’s imports and exports?
When a nation must import much more than it exports the nation experiences a?
A nation experiences a trade surplus when it imports more than it exports. International trade and foreign investments generate about two-thirds of the profits of U.S. businesses.
When the value of a nation’s imports exceeds the value of that nation’s exports?
Balance of trade is defined as the difference between the value of a nation’s imports and exports over a defined period of time. A country is considered to have a trade deficit if the value of the goods it imports exceeds the value of the goods it exports.
Does international trade and foreign investments generate about two-thirds of the profits of US businesses?
International trade and foreign investments generate about two-thirds of the profits of U.S. businesses. A nation’s balance of trade is the difference in value between its exports and imports.
What is the trade alliance that establishes guidelines for international trade?
Final Exam Review
| Question | Answer |
|---|---|
| Select the trade alliance that establishes guidelines for international trade. | WTO, NAFTA, EU |
| Global Marketing strategies include which of the following? | Customization |
| What is the term for the struggle between companies for customers? | Competition |
When a country imports more than it exports What is the value of the net exports?
trade surplus
When exports exceed imports, the net exports figure is positive. This indicates that a country has a trade surplus. When exports are less than imports, the net exports figure is negative. This indicates that the nation has a trade deficit.
How more exports than imports will be advantageous for a country?
A trade surplus contributes to economic growth in a country. When there are more exports, it means that there is a high level of output from a country’s factories and industrial facilities, as well as a greater number of people that are being employed in order to keep these factories in operation.
Why is international trade important to a nation?
International trade allows countries to expand their markets and access goods and services that otherwise may not have been available domestically. As a result of international trade, the market is more competitive. This ultimately results in more competitive pricing and brings a cheaper product home to the consumer.
What is the difference in value between a country’s imports and exports?
Balance of trade (BOT) is the difference between the value of a country’s exports and the value of a country’s imports for a given period. The balance of trade is also referred to as the trade balance, the international trade balance, commercial balance, or the net exports.
When a country provides goods to another country?
Exports are goods and services that are produced in one country and sold to buyers in another. Exports, along with imports, make up international trade.