Asked by Lauren Knight on May 05, 2024
Verified
List the factors that might influence a country's exports, imports, and trade balance.
Trade Balance
A measure of a country's exports minus its imports, indicating whether a country is in a surplus or deficit trade position.
Imports
Goods or services brought into one country from another for sale, which can affect a nation's economy in various ways.
Exports
Products or services shipped from one country to another for the purpose of sale or exchange.
- Examine the elements that affect a nation's exports, imports, and overall trade equilibrium.
Verified Answer
JS
Jatinder Singh BhullarMay 10, 2024
Final Answer :
a.
the tastes of consumers for domestic and foreign goods
b.
the prices of goods at home and abroad
c.
the exchange rates at which people can use domestic currency to buy foreign currencies
d.
the costs of importing goods from country to country
e.
the policies of the government toward international trade
the tastes of consumers for domestic and foreign goods
b.
the prices of goods at home and abroad
c.
the exchange rates at which people can use domestic currency to buy foreign currencies
d.
the costs of importing goods from country to country
e.
the policies of the government toward international trade
Learning Objectives
- Examine the elements that affect a nation's exports, imports, and overall trade equilibrium.