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Nation's imports and its exports is referred to as?

In: Economics, Importing and Exporting [Edit categories]

Answer:

Net exports or the balance of trade.

First answer by M200220232. Last edit by M200220232. Contributor trust: 47 [recommend contributor ]. Question popularity: 2 [recommend question].

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When a nation's exports exceed its import what is it called?
When a country' import exceed it's export is called Deficit then when a county's export exceed it import is called surplus
When a nation exports more than they import?
It's know as a trade surplus.
How is it in a nation's interest to export more than it imports?
Because by making a product and exporting it you are employing people in your own country and lowering unemployment, also helping the value of your currency I think.
Will a nation tend to export or import goods which it has a comparative advantage?
A nation will export goods for which it has a comparative advantage. By exporting goods, it has the comparative advantage because it means they have a lower opportunity cost for producing the good. A...
Why do you import and export?
There are three main reasons to import:1. Cheaper price abroad.2. Unique product or quality that can't be found in US.3. Faster or more efficient delivery or manufacturing process.There are similar...