When exports and imports are exactly equal for a country, this is called... Net imports. Trade surplus. ⒸNet exports. Trade deficit. Balanced trade
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When exports and imports are exactly equal for a country, this is called... Net imports. Trade surplus. ⒸNet exports.
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- Iberia's imports of goods and services are $ ____ billion Thanks!!Find the import of goods when the balance of trade are 60 and exports of goods are 20What is a trade deficit? a) When a country exports more goods than it imports b) When a country's imports and exports are balanced c) When a country imports more goods than it exports d) When a country has no international trade
- A country has a trade surplus when Group of answer choices its exports exceed its imports. its government spending exceeds its tax revenues. its exports equal its imports. its exports are less than its imports.If a country's GDP is $10 trillion, its exports are $1 trillion, and its imports are $1.5 trillion, then its trade/GDP ratio is:If the United States imports more than it exports, it will have a: trade surplus, trade deficit, import balance, trade balance
- Which of the following would increase exports in the United States? The United States purchases 500 silver necklaces from Mexico. The government of Mexico purchases 500 Ford F-150 pickup trucks from the United States. A Mexican citizen purchases 25 shares of stock in Ford Motor Company. The U.S. government donates $5 million to Mexico to help victims of drought in Mexico.The table gives data for the nation of South Hampton. There are no imports into or exports from South Hampton. Real GDP, Y (billions of 2012 dollars) Consumption expenditure, C (billions of 2012 dollars) Investment, I (billions of 2012 dollars) Government expenditure, G (billions of 2012 dollars) 100 150 150 100 200 200 150 100 300 250 150 100 400 300 150 100 500 350 150 100 600 400 150 100 700 450 150 100 800 500 150 100 900 550 150 100 The equilibrium level of real GDP is A. $600 billion. B. $800 billion. C. $400 billion. D. $500 billion. E. $700 billion.Identify whether the given items are examples of imports, exports, or neither. Assume the United States is considered the domestic country. Heath lives in the United States and purchases a video game produced in Japan. a. neither b. import c. export Veronica lives in Tennessee and buys an orange grown in Florida. a. export b. import c. neither A Chinese consumer purchases a television produced in China. a. import b. export c. neither A farmer in Iowa sells corn to a food processing plant in China. a. export b. import c. neither Chevron drills for oil in the United States and sells this oil to refineries in Brazil and Mexico. a. neither b. export c. import
- A positive balance of trade is when: A. imports are greater than exports B. exports are greater than imports C. exports equal imports D. All of the AboveImports Travel Civilian aircraft and parts Business services Royalties and license fees Agriculture Chemicals Financial services Transport Industrial machinery Automobile parts Ten largest U.S. exports Exports Five of the ten exports are services 25 50 75 100 125 150 175 200 225 Exports (billions of dollars per year)Discuss the effects of domestic support on imports and export? Give an example.