Description : A favorable Balance of Trade of a country implies that - (1) Imports are greater than Exports (2) Exports are greater than Imports (3) Both Imports and Exports are equal (4) Rising Imports and Falling Exports
Last Answer : (2) Exports are greater than Imports Explanation: Favorable balance of trade is an imbalance in a nation's balance of trade in which the payments for merchandise exports received by the country exceed ... and income. A balance of trade surplus is often the source of a balance of payments surplus.
Description : The difference in the value of visible exports and visible imports is called : (1) Balance Sheet of items (2) Balance of Payments (3) Balance of Trade (4) Balance of Account
Last Answer : (3) Balance of Trade Explanation: Balance of Trade refers to the difference between the value of a country's visible imports and visible exports. Also known as the visible balance, it forms part of ... totals more than the value of visible exports, it is known as an adverse balance of trade.
Description : A country's balance of trade is unfavorable when — (1) exports exceed imports (2) imports exceed exports (3) terms of trade become unfavorable (4) None of these
Last Answer : (2) imports exceed exports Explanation: The balance of trade, or net exports is the difference between the monetary value of exports and imports of output in an economy over a certain period. It is the ... is imported: a negative balance is referred to as a trade deficit or, informally, a trade gap.
Description : The difference between visible exports and visible imports is defined as - (1) Balance of trade (2) Balance of payment (3) Balanced terms of trade (4) Gains from trade
Last Answer : (1) Balance of trade Explanation: The balance of trade (or net exports, sometimes symbolized as NX) is the difference between the monetary value of exports and imports of output in an economy over a certain period. It is the relationship between a nation's imports and exports.
Description : The difference between visible exports and visible imports is defined as (1) Balance of trade (2) Balance of payment (3) Balanced terms of trade (4) Gains from trade
Last Answer : Balance of trade
Description : A country’s balance of trade is unfavourable when — (1) exports exceed imports (2) imports exceed exports (3) terms of trade become unfavourable (4) None of these
Last Answer : imports exceed exports
Last Answer : Balance of Trade
Description : The _____________ is the difference in value between a nation's exports and its imports 1. balance of payments 2. export / import ratio 3. gross domestic product 4. net trade value 5. balance of trade
Last Answer : balance of trade
Description : e __________ is the difference in value between a nation's exports and its imports. A)balance of payments B)export/import ratio C)gross domestic product D)net trade value E)balance of trade
Last Answer : A)balance of payments
Description : Gains from trade can be divided into two parts (a) gains from exports and gains from imports. (b) gains from specialization and gains from exchange. © gains from consumption and gains from production. (d) gains from profit and gains from loss.
Last Answer : (b) gains from specialization and gains from exchange.
Description : . Terms of trade is (a) the ratio of imports / exports (b) the ratio of exports/imports © the ratio of goods/services (d) the ratio of land/labour
Last Answer : (b) the ratio of exports/imports
Description : Terms of trade of a country show A. Ratio of goods exported and imported B. Ratio of import duties C. Ratio of prices of exports and imports D. (a) and (c) as given above
Last Answer : Ratio of prices of exports and imports
Description : "Closed Economy" means : (1) no provision for public sector (2) no provision for private sector (3) economy policy not well defined (4) a country having no imports and exports
Last Answer : (4) a country having no imports and exports Explanation: Closed economy is an economy in which no activity is conducted with outside economies. A closed economy is self-sufficient, meaning that no ... The goal is to provide consumers with everything that they need from within the economy's borders.
Description : If a country devalues its currency, its - (1) (1) Exports become cheaper and imports become costlier (2) (2) Exports become costlier and imports become cheaper. (3) Exports value is equivalent to imports value (4) No effect on exports and imports
Last Answer : (1) Exports become cheaper and imports become costlier Explanation: Devaluation means official lowering of the value of a country's currency within a fixed exchange rate system, by which the ... turn, means that imports are more expensive, making domestic consumers less likely to purchase them.
Description : “Closed Economy” means: (1) no provision for public sector (2) no provision for private sector (3) economy policy not well defined (4) a country having no imports and exports
Last Answer : a country having no imports and exports
Description : If a country devalues its currency, its (1) Exports become cheaper and imports become costlier (2) Exports become costlier and imports become cheaper. (3) Exports value is equivalent to imports value (4) No effect on exports and imports
Last Answer : Exports become cheaper and imports become costlier
Description : The major aim of devaluation is to - (1) encourage imports (2) encourage exports (3) encourage both exports and imports (4) discourage both exports and imports
Last Answer : (2) encourage exports Explanation: Devaluation in modern monetary policy is a reduction in the value of a currency with respect to those goods, services or other monetary units with which that currency can ... , discouraging imports. As a result, this may help to reduce a country's trade deficit.
Description : The major aim of devaluation is to : (1) encourage imports (2) encourage exports (3) encourage both exports and imports (4) discourage both exports and imports
Last Answer : encourage exports
Description : Devaluation of currency can correct a Balance of Payments deficit because___ A. It lowers price of exports in foreign currency and rises price of imports in home currency B. It raises price of ... and imports in foreign currency D. It lowers price of exports and imports in home currency
Last Answer : A. It lowers price of exports in foreign currency and rises price of imports in home currency
Description : What records a country's transactions (made by individuals, firms and government bodies.) with the rest of the world? a) Trade deficit b) Capital Budget c) Foreign imports d) Balance of Payments or BoP
Last Answer : b) other things remaining equal
Description : When average cost production (AC) falls, marginal cost of production must be - (1) rising (2) Falling (3) Greater than the average cost (4) Less than the average cost
Last Answer : (4) Less than the average cost Explanation: Average cost is the total cost per unit of output. Marginal cost, on the other hand, is the addition to the total cost by producing one more ... where marginal cost is higher than average cost, and average cost is an increasing function of output.
Description : When average cost production (AC) falls, marginal cost of production must be. (1) rising (2) Falling (3) Greater than the average cost (4) Less than the average cost
Last Answer : Less than the average cost
Description : The balance of payments of a country on current account is equal to A. Balance of trade plus short term B. Balance of trade plus net invisible exports C. Balance of payment minus capital flows
Last Answer : Balance of trade plus net invisible exports
Description : Trade Gap means A. Gap between total GDP and total consumption B. Gap between total imports and total exports C. Gap between available liquidity and expected demand in next five months D. Gap between budgeted revenue collection and actual collection of the same E. None of the above
Last Answer : B. Gap between total imports and total exports Explanation: The amount by which the value of a country‘s visible imports exceeds that of visible exports; an unfavourable balance of trade.
Description : Quantitative restrictions refer to limit set by countries to curb A. Measures that affect trade in goods. B. Measures that lead to restrictions in quantities. C. Discouraging measures that limit a company’s imports. D. Discouraging measures that limit a company’s exports.
Last Answer : Discouraging measures that limit a company’s exports.
Description : 'Quota' is - (1) tax levied on imports (2) imports of capital goods (3) limit on the quantity of imports (4) limit on the quantity of exports
Last Answer : (3) limit on the quantity of imports Explanation: An import quota is a limit on the quantity of a good that can be produced abroad and sold domestically. It is a type of ... production of a good, service, or activity, thus "protect" domestic production by restricting foreign competition.
Description : Crowding out means that a. a government budget deficit lowers interest rates and causes investment spending to rise b. an increase in marginal tax rates lowers production c. a government ... spending to fall d. a government budget deficit raises American exports and lowers American imports
Last Answer : c. a government budget deficit raises interest rates and causes investment spending to fall
Description : 10. Crowding out means that a. a government budget deficit lowers interest rates and causes investment spending to rise b. an increase in marginal tax rates lowers production c. a ... investment spending to fall d. a government budget deficit raises American exports and lowers American imports
Description : The records of exports and imports in goods and services and transfer payments is known as a) Current account b) Budget surplus c) Economic leakage d) degree of openness
Last Answer : a) Current account
Description : ‘Quota’ is (1) tax levied on imports (2) imports of capital goods (3) limit on the quantity of imports (4) limit on the quantity of exports
Last Answer : limit on the quantity of imports
Description : What happened when the level of imports is greater then the level of exports?
Last Answer : What is the answer ?
Description : What will happen if a country imports less than it exports?
Description : The terms of trade measures (a) the income of a country compared to another (b) The GDP of a country compared to another © The quantity of exports of a country compared to another (d) Export prices compared to import prices.
Last Answer : (d) Export prices compared to import prices.
Description : What is balance of trade low does it become favourable or unfavourable? Explain with example -Geography
Last Answer : (a) Balance of trade records the volume of good and services imported as well as exported by a country to other countries. (b) Favourable/positive balance of trade: when the value of export ... ) that it earns by selling (exports) to other countries-leading to exhaustion of its financial reserves.
Description : What is balance of trade 9, how does it become favourable or unfavourable? Explain with example -Geography
Description : Why is favourable Balance of Trade desired for an economy? -Geography
Last Answer : The difference between export and import gives the balance of trade of a country. If the export quantity exceeds the import quantity, then the trade balance is said to be favourable, and if import ... leads to more incoming of foreign exchange which helps in filling the deficit in the longer run.
Description : Define balance of trade. Distinguish between favourable balance of trade and unfavourable balance of trade. -SST 10th
Last Answer : The difference between export and import is known as balance of trade.
Description : What does favourable balance of trade refer to ? -SST 10th
Last Answer : When the value of exports exceeds the value of imports, we call it Favourable Balance of Trade.
Description : What are differences between favourable and unfavourable of balance of trade?
Last Answer : Feel Free to Answer
Description : When the total product rises at an increasing rate, the - (1) marginal product is zero (2) marginal product is rising (3) marginal product is falling (4) marginal product remains constant
Last Answer : (2) marginal product is rising Explanation: Marginal product of an input (factor of production) is the extra output that can be produced by using one more unit of the input (for instance ... from total product. The other is average product. Marginal product is directly proportional to total product.
Description : The demand curve for a Giffen good is (1) upward rising (2) downward falling (3) parallel to the quantity axis (4) parallel to the price axis
Last Answer : (1) upward rising Explanation: A Giffen good is a good whose consumption in-creases as its price increases. (For a normal good, as the price increases, consumption decreases.) Thus, the ... a price changes the income effect outweighs the substitution effect and this leads to perverse demand curve.
Description : When the total product rises at an increasing rate, the (1) marginal product is zero (2) marginal product is rising (3) marginal product is falling (4) marginal product remains constant
Last Answer : marginal product is rising
Last Answer : upward rising
Description : What are your state/province/city's major imports and exports?
Last Answer : answer:Pineapples Our biggest industry is tourism.
Description : What were Frances majoir exports and imports during the French revolution?
Last Answer : For sure I can tell you cotton and fur pelts. I would assume tobacco as well. Spices from the East Indies maybe? The big ones back in the 18th century were cotton, tobacco, sugar, spices, ... big ones. (Those would virtually all be imports though, not sure about the exports revolutionary fever?)
Description : Handling of exports and imports on a large scale is done conveniently from the Kandla port. Why ? -SST 10th
Last Answer : Kandla Port is a tidal port and therefore there is less restriction on movement of ships enabling convenient handling of exports and imports.
Description : How is the difference between visible exports and visible imports defined? -Do You Know?
Last Answer : answer:
Description : In International Banking terms,”Appreciation” of Rupee means ________ A. Excess of exports over imports B. Purchasing power of rupee has come down C. Availability of less foreign currency vis-a-vis rupee D. Excess of imports over exports E. Availability of more foreign currency vis-a-vis rupee
Last Answer : C. Availability of less foreign currency vis-a-vis rupee Explanation: Currency Appreciation refers to increase in the value of domestic currency in terms of foreign currency. The domestic currency becomes more valuable and less of it is required to buy the foreign currency.
Description : Theory of Mercantilism propagates A. Encourage exports and imports B. Encourage exports and discourage imports C. Discourage exports and imports D. Discourage exports and encourage imports
Last Answer : Encourage exports and discourage imports
Description : Under a floating exchange-rate system, if the U.S. dollar depreciates against the Swiss franc: A. American exports to Switzerland will be cheaper in francs B. American exports to Switzerland will ... francs C. American imports from Switzerland will be cheaper in dollars D. None of the above
Last Answer : A. American exports to Switzerland will be cheaper in francs